Posted by Alumni from Crunchbase
November 23, 2024
It was just last fall when Amazon agreed to invest up to $4 billion in Anthropic, a deal that gave the Seattle-based e-commerce and cloud titan a minority stake in the startup. The immediate investment was $1.25 billion, with the remaining $2.75 billion in funding coming earlier this year. 'Together with AWS, we're laying the technological foundation'from silicon to software'that will power the next generation of AI research and development,' reads the blog. 'By combining Anthropic's expertise in frontier AI systems with AWS's world-class infrastructure, we're building a secure, enterprise-ready platform that gives organizations of all sizes access to the forefront of AI technology.' Elon Musk's generative AI startup xAI raised $5 billion in a funding round valuing it at $50 billion, reported The Wall Street Journal. The new round includes investment from the Qatar Investment Authority, Valor Equity Partners, Andreessen Horowitz and Sequoia Capital. learn more