Amazon, the largest e-commerce company, is planning to invest a whopping $4 billion in Anthropic, a competitor of OpenAI.
In doing so, Amazon will be doing FTX a big favor, as the cryptocurrency exchange also invested in Anthropic before its high-profile bankruptcy in the fall of 2022. In June 2023, FTX decided not to sell its stake in Anthropic after a proper bidding process in the first half of the year.
Colin Wu, a well-known journalist in the crypto community, believes that FTX may now take a chance and sell its stake in Anthropic for $500 million and use it to settle with creditors. After debt restructuring and upgrades, the exchange plans to relaunch as FTX 2.0.
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Amazon's interest in Anthropic, which is valued at nearly $5 billion, speaks to Amazon's strong position in the market.
Amazon's stock is currently trading at $129.09, and most analysts have a "buy" recommendation on the stock.
Previously, Anthropic announced plans to use Google's chips and cloud services to train its models. ChatGPT's competitor, Anthropic's chatbot Claude, is already part of the AWS Bedrock service, helping clients build generative artificial intelligence applications.
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