China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Instagram Outage Disrupts Thousands of U.S. Users 
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder 
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
How to support someone who is grieving: five research-backed strategies 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Amazon is investing $4 billion in artificial intelligence (AI) startup Anthropic. The strategic partnership will leverage advanced generative AI, with Anthropic primarily utilizing Amazon's robust cloud services and cutting-edge custom chips for enhanced system training and deployment.
This investment is a testament to the increasing interest of tech giants in AI and their eagerness to capitalize on its potential. Amazon and Anthropic plan to collaborate on developing foundation models, which serve as the backbone for generative AI systems.
These models have gained significant global attention for their ability to create text, images, and videos that closely resemble human work. They are trained using vast amounts of online information, including blog posts, digital books, scientific articles, and popular songs.
Under the agreement, Anthropic will primarily use Amazon's cloud computing service and benefit from their custom chips. This integration will greatly aid in training and deploying their generative AI systems.
Anthropic, based in San Francisco, was founded by former employees of OpenAI, the company behind the famous ChatGPT AI chatbot. Anthropic has developed its competitor, Claude, which boasts advanced capabilities such as sophisticated dialogue, creative content generation, complex reasoning, and detailed instruction.
This move by Amazon reflects the intense competition in the AI landscape as it seeks to catch up with rivals like Microsoft. Microsoft had invested $1 billion in OpenAI in 2019 and made further multibillion-dollar investments this year.
Amazon has been introducing new services to stay ahead in the AI arms race. For instance, they recently updated their popular virtual assistant, Alexa, to enable more human-like conversations. Additionally, they now offer AI-generated summaries of product reviews for consumers.
Amazon reinforces its commitment to AI development with its substantial investment in Anthropic and strengthened collaboration. The partnership aims to leverage foundation models and generative AI systems, bringing them to new heights and unlocking their potential in various domains.
Photo: Nik/Unsplash
