Facebook
Twitter
Amazon (NASDAQ: AMZN) is going all-in on Artificial Intelligence.
It’s investing billions to compete with OpenAI’s ChatGPT.
Plus, Tesla is investing billions in this little-known AI project.
Go here for urgent details – and my top 3 stocks.
Amazon just invested an additional $1.75 billion in Anthropic (private). That brings Amazon’s total funding to $4 billion.
The deal gives Amazon approximately a 20% ownership of Anthropic.
Anthropic is a generative AI company founded by former employees at OpenAI. It operates a large language model named Claude.
Anthropic offers an attractive alternative to OpenAI and ChatGPT.
Every major tech company is implementing AI within their business.
Yet some are hesitant to partner with OpenAI.
That’s because Microsoft (NASDAQ: MSFT) owns 49% of OpenAI.
Anthropic has already received investments from Alphabet (NASDAQ: GOOG) and SalesForce (NASDAQ: CRM).
The startup is now valued at $18.4 billion.
Big tech stocks are using these types of partnerships instead of acquiring promising AI startups.
That’s because the Federal Trade Commission will create roadblocks to any outright acquisition.
Tech giants like Microsoft and Amazon understand the current landscape.
So, instead of buying 100% of a company and being subject to FTC approval…
They can buy up to 49% of a startup without any restriction.
The key takeaway is this…
Big tech continues to invest billions in AI startups.
That’s because they view this as a critical breakthrough technology that can transform their businesses.
Tesla’s is investing billions in a new AI project…
That will make self-driving cars a reality. And put Robotaxis on the roads across America.
Click here ASAP for urgent details – and my top stocks picks.
Ian
P.S. It’s still winter here in Vermont!
