Amazon Invests $8B in Anthropic to Enhance AI in AWS and Retail

Reported 2 days ago

Amazon.com (AMZN) has significantly increased its investment in AI, pouring a total of $8 billion into the AI startup Anthropic, aiming to bolster its capabilities in Amazon Web Services and online shopping. This move coincides with a period of uncertainty in the market due to new tariffs impacting the global economy. Despite the turbulence, Amazon ranks first among the best AI stocks favored by billionaires, reflecting the growing consensus on the potential economic value of AI technology.

Source: YAHOO

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