"Amazon's Record $2.75 Billion Investment in AI Startup Anthropic"

Amazon is making its largest outside investment in its three-decade history by spending $2.75 billion on AI startup Anthropic, a frontrunner in generative artificial intelligence. Anthropic's product competes with OpenAI's ChatGPT and was founded by ex-OpenAI research executives and employees. The investment marks Amazon's second tranche of funding, bringing Anthropic's total funding to over $10 billion. The move is part of a spending blitz among cloud providers to stay ahead in the AI race, with Microsoft and Google also making high-profile investments in AI startups. The U.S. Federal Trade Commission is taking a closer look at these partnerships to ensure they comply with regulations.