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Tech Giants Invest Billions in Generative AI Startups | FinOracle

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Tech Giants Invest Billions in Generative AI Startups

Anthropic will use Amazon Web Services and Amazon's chips, while Microsoft heavily relies on OpenAI's model and offers open source models on Azure cloud. Gemini Ai is seen in New York City. Microsoft has stakes in Mistral, Figure, Humane, and OpenAI. Amazon's major investment is in Anthropic, with $4 billion so far. Apple doesn't sell a cloud service and declined to comment on AI partnerships. (138 characters)

by Lilu Anderson
Sun, Mar 31, 2024 3:37pm
in Technology
• 2 mins read
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Tech Giants Invest Billions in Generative AI Startups | FinOracle

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Tech Titans Pour Billions into AI Startups Amidst Generative AI Gold Rush

In an unprecedented wave of enthusiasm and strategic foresight, tech heavyweights are funneling billions of dollars into AI startups, driven by the acute "Fear of Missing Out" (FOMO) on the burgeoning field of generative AI technologies. A standout instance of this trend is Amazon's colossal $2.75 billion investment in Anthropic, a company earning its stripes for its AI model Claude. This model is poised to rival the likes of OpenAI's GPT, backed by Microsoft, and Google's Gemini, showcasing the fierce competition in this space.

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