{"id":196672,"date":"2023-09-25T10:45:00","date_gmt":"2023-09-25T14:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=196672"},"modified":"2023-09-25T11:43:12","modified_gmt":"2023-09-25T15:43:12","slug":"amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/","title":{"rendered":"Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-zinger-key-points\">ZINGER KEY POINTS<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Amazon commits up to $4 billion in AI startup Anthropic, intensifying the AI arms race.<\/li>\n\n\n\n<li>Anthropic&#8217;s AI assistant Claude takes on ChatGPT, backed by Amazon and Google.<\/li>\n<\/ul>\n\n\n\n<p><strong>Amazon<\/strong>&nbsp;<strong>Inc.<\/strong>&nbsp;AMZN&nbsp;has announced a strategic investment of up to $4 billion in&nbsp;<a href=\"https:\/\/www.benzinga.com\/news\/earnings\/23\/09\/34804321\/is-supply-and-demand-broken-us-home-sales-volume-decreases-while-value-increases\" target=\"_blank\" rel=\"noreferrer noopener\">Anthropic<\/a>, an emerging AI company, as the e-commerce giant seeks to harness the potential of artificial intelligence in diverse&nbsp;<a href=\"https:\/\/www.benzinga.com\/topic\/artificial-intelligence\" target=\"_blank\" rel=\"noreferrer noopener\">applications across its business.<\/a><\/p>\n\n\n\n<p>As part of this groundbreaking deal, Anthropic will leverage Amazon\u2019s custom-designed chips to develop and rollout its AI software. Amazon also intends to integrate Anthropic\u2019s cutting-edge technology into various products within its expansive portfolio.<\/p>\n\n\n\n<p>According to insider sources cited by&nbsp;<a href=\"https:\/\/www.wsj.com\/business\/deals\/amazon-to-invest-up-to-4-billion-in-anthropic-as-ai-arms-race-escalates-649dee22\" target=\"_blank\" rel=\"noreferrer noopener\">The Wall Street Journal,<\/a>&nbsp;Amazon is initially investing $1.25 billion in Anthropic, with the possibility of increasing this figure to $4 billion, contingent on certain conditions. Furthermore, Anthropic has committed to directing a portion of this capital toward Amazon\u2019s cloud infrastructure arm, Amazon Web Services.<\/p>\n\n\n\n<p>Shares of Amazon Inc. were up 0.6% in&nbsp;<a href=\"https:\/\/www.benzinga.com\/premarket\" target=\"_blank\" rel=\"noreferrer noopener\">premarket<\/a>&nbsp;trading on Monday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The AI Gold Rush Continues<\/strong><\/h2>\n\n\n\n<p><strong>Alphabet Inc.&nbsp;<\/strong>GOOG&nbsp;GOOGL\u2019s Google injected over $300 million into Anthropic earlier this year.<\/p>\n\n\n\n<p><strong>Salesforce Inc.<\/strong>&nbsp;CRM&nbsp;has also been actively involved in funding AI startups, including both Anthropic and OpenAI\u2019s competitor,&nbsp;<strong>Cohere<\/strong>.<\/p>\n\n\n\n<p>Founded in 2021, Anthropic distinguishes itself by offering an AI assistant called Claude, which competes directly with ChatGPT.<\/p>\n\n\n\n<p>Led by siblings&nbsp;<strong>Dario<\/strong>&nbsp;and&nbsp;<strong>Daniela Amodei<\/strong>, both former OpenAI employees, Anthropic touts the safety and reliability of its technology.<\/p>\n\n\n\n<p>Amazon\u2019s choice to become Anthropic\u2019s primary cloud provider underscores the growing importance of cloud infrastructure in the AI ecosystem.<\/p>\n\n\n\n<p>Despite the enthusiasm and investments in AI, it still represents a fraction of the revenue generated by cloud-computing businesses.<\/p>\n\n\n\n<p><strong>Microsoft Corp.&nbsp;<\/strong>MSFT, for instance, projected that two percentage points of its anticipated 26% quarterly revenue growth in its Azure business would come from AI services.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted September 25, 2023 &#8211; <a href=\"https:\/\/www.benzinga.com\/news\/large-cap\/23\/09\/34864031\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\">Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon Inc. has announced a strategic investment of up to $4 billion in Anthropic, an emerging AI company, as the e-commerce giant seeks to harness the potential of artificial intelligence in diverse applications across its business.<\/p>\n","protected":false},"author":1128,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[632,148,912],"contributors-categories":[13584],"class_list":{"0":"post-196672","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-ai","13":"tag-amazon","14":"tag-artificial-intelligence","15":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic<\/title>\n<meta name=\"description\" content=\"Amazon commits up to $4 billion in AI startup Anthropic, intensifying the AI arms race. Anthropic&#039;s AI assistant Claude takes on ChatGPT, backed by...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/196672\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Amazon commits up to $4 billion in AI startup Anthropic, intensifying the AI arms race. Anthropic&#039;s AI assistant Claude takes on ChatGPT, backed by Amazon and Google.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-25T14:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-25T15:43:12+00:00\" \/>\n<meta name=\"author\" content=\"Piero Cingari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piero Cingari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Piero Cingari\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/2e1deb46bf9913df17d7a772edadc24b\"\n\t            },\n\t            \"headline\": \"Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic\",\n\t            \"datePublished\": \"2023-09-25T14:45:00+00:00\",\n\t            \"dateModified\": \"2023-09-25T15:43:12+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\\\/\"\n\t            },\n\t            \"wordCount\": 345,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"keywords\": [\n\t                \"AI\",\n\t                \"Amazon\",\n\t                \"Artificial Intelligence\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\\\/\",\n\t            \"name\": \"Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"datePublished\": \"2023-09-25T14:45:00+00:00\",\n\t            \"dateModified\": \"2023-09-25T15:43:12+00:00\",\n\t            \"description\": \"Amazon commits up to $4 billion in AI startup Anthropic, intensifying the AI arms race. Anthropic's AI assistant Claude takes on ChatGPT, backed by Amazon and Google.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/2e1deb46bf9913df17d7a772edadc24b\",\n\t            \"name\": \"Piero Cingari\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/piero-cingari\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic","description":"Amazon commits up to $4 billion in AI startup Anthropic, intensifying the AI arms race. Anthropic's AI assistant Claude takes on ChatGPT, backed by...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/196672\/","og_locale":"en_US","og_type":"article","og_title":"Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic | IBKR Campus US","og_description":"Amazon commits up to $4 billion in AI startup Anthropic, intensifying the AI arms race. Anthropic's AI assistant Claude takes on ChatGPT, backed by Amazon and Google.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/","og_site_name":"IBKR Campus US","article_published_time":"2023-09-25T14:45:00+00:00","article_modified_time":"2023-09-25T15:43:12+00:00","author":"Piero Cingari","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Piero Cingari","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/"},"author":{"name":"Piero Cingari","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/2e1deb46bf9913df17d7a772edadc24b"},"headline":"Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic","datePublished":"2023-09-25T14:45:00+00:00","dateModified":"2023-09-25T15:43:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/"},"wordCount":345,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"keywords":["AI","Amazon","Artificial Intelligence"],"articleSection":["North America","Region","Securities","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/","name":"Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"datePublished":"2023-09-25T14:45:00+00:00","dateModified":"2023-09-25T15:43:12+00:00","description":"Amazon commits up to $4 billion in AI startup Anthropic, intensifying the AI arms race. Anthropic's AI assistant Claude takes on ChatGPT, backed by Amazon and Google.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic\/"]}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/2e1deb46bf9913df17d7a772edadc24b","name":"Piero Cingari","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/piero-cingari\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/196672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/1128"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=196672"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/196672\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=196672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=196672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=196672"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=196672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}