This will bring the total investment by Amazon on Anthropic up to $8 billion while still remaining a minority investor. This goes on to show Amazon's growing genAI investment. Artificial intelligence startup Anthropic said on Friday it has raised an additional $4 billion investment from longtime ba»»»

:Artificial intelligence startup Anthropic said on Friday it has raised an additional $4 billion investment from longtime backer Amazon.com, underscoring Big Tech's growing genAI investments. This will bring Amazon's total investment in Anthropic to $8 billion, while maintaining its position as a m»»»

This initiative was revealed during Tamkeen’s participation in the second edition of the Gateway Gulf Investment Forum hosted by the Kingdom of Bahrain. Under the theme of “Investing in a Rapidly Transforming Region”, the forum gathers leading government officials, business leaders, and executives.»»»

Britain's Competition and Markets Authority had been looking at aspects of the partnership and if it would result in Amazon “having material influence” over Anthropic. Together, the two companies control 70-80% of their market share in Britain. File Photo by John Angelillo/UPI | License Photo Sept.»»»

Britain's competition regulator will not investigate Amazon's $4 billion AI partnership with Anthropic, citing lack of jurisdiction. Britain's competition regulator said on Friday Amazon's artificial intelligence partnership with startup Anthropic will not be referred for a deeper probe as it did n»»»

Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round, which is seen as the acceleration of the company's efforts to push forward in the heating AI race and to challenge market rivals such as OpenAI. The Series B funding round of $6 billion came less than»»»

PNNNew Delhi [India], March 16: In the dynamic landscape of Indian business, innovation is the driving force behind transformative growth. As we venture into 2024, the spotlight shines on ten remarkable enterprises poised to redefine success. From groundbreaking e-commerce platforms to revolutionar»»»

Perplexity AI has raised $73.6 million in its latest funding round from a group of investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos in a deal valuing the artificial intelligence startup at $520 million. The round was led by Institutional Venture Partners, the San Francisc»»»

CALIFORNIA: The company that created ChatGPT was thrown into turmoil Monday after Microsoft hired its ousted CEO and many more employees threatened to follow him in a conflict that centered in part on the safest way to build artificial intelligence. The developments followed a weekend of drama that»»»

— A sudden and seismic leadership crisis at OpenAI has led to a revolving door of CEOs at the artificial intelligence company, with tech entrepreneur Emmett Shear becoming the latest to take the helm on Monday. Just days earlier, OpenAI’s board abruptly ousted then-CEO Sam Altman, installing Chief »»»

The founder of General Motors-owned Cruise has stepped down less than a month after the driverless car company paused operations after an accident and the loss of permission to operate in California. Kyle Vogt did not give a reason for his departure from the company that he started in 2013 before i»»»

Zoom Video Communications Inc., a one-time darling of the work-from-home era, is calling workers back to the office. Employees who live near a Zoom location must be on-site two days a week, a company spokesperson said. A "hybrid approach” is most effective for Zoom, she said, because it will be in »»»

Facebook parent company Meta Platforms has built an artificial intelligence system that rivals the likes of ChatGPT and Google's Bard but it's taking a different approach: releasing it for free. Meta CEO Mark Zuckerberg said on July 18 that the company is partnering with Microsoft to introduce the »»»