CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
Today, AMZN raised its investment in AI startup Anthropic by $2.75 billion, bringing its total stake to $4 billion after an initial $1.25 billion investment last September. As part of this partnership, Anthropic will use Amazon Web Services (AWS) as its primary cloud provider and leverage AWS’s Trainium and Inferentia chips to build, train, and deploy future foundational AI models. These models are now available on Amazon’s Bedrock platform, which also hosts large language models from other major AI companies like AI21 Labs, Cohere, Meta, Mistral AI, and Stability AI, as well as Amazon’s own models. Earlier this month, Anthropic released the Claude 3 model family, which includes Claude 3 Haiku, Claude 3 Sonnet, and Claude 3 Opus. Claude 3 Opus is the most intelligent chatbot of the model family and seems to be on par or even better than OpenAI’s GPT-4, especially in the areas of reasoning, math, and coding. We see today’s investment as AMZN’s latest commitment to being a leading generative AI company.