Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

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15 “If you love me, you will keep my commandments. 16 And I will ask the Father, and he will give you another Helper, to be with you forever, 17 even the Spirit of truth, whom the world cannot receive, because it neither sees him nor knows him. You know him, for he dwells with you and will be in you.” [John 14:15-17, ESV]

What's in this week's issue?

  • 💸 Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

  • 🇨🇳 In tech rivalry with the US, China is behind on a key asset: Its own OpenAI

  • ⛅️ Easy Cloud News

  • 📰 AI News

  • 🧰 AI Tools

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Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race.

The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that’s widely viewed as a front-runner in generative artificial intelligence. Its foundation model and chatbot Claude competes with OpenAI and ChatGPT.

The companies announced an initial $1.25 billion investment in September, and said at the time that Amazon would invest up to $4 billion. Wednesday’s news marks Amazon’s second tranche of that funding.

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In China, which is angling to produce its own chips or get more from Nvidia, no dominant gen AI contender to OpenAI has emerged yet among dozens of Chinese tech titans and startups.

A new study by think tank Macro Polo, run by the Paulson Institute, shows that the U.S. is home to 60% of top AI institutions, and the U.S. remains by far the leading destination for elite AI talent at 57% of the total, compared with China at 12%.

But the research finds that China leads the U.S. by a few other measures, including being ahead of the U.S. in producing top-tier AI researchers, based on undergraduate degrees, with China at 47% and the U.S. lagging with 18%. Additionally, among top-tier AI researchers working at U.S. institutions, 38% have China as their country of origin, compared with 37% from the U.S.

Easy Cloud News

  • 🌤️ Easy Cloud Solutions: Foundational: Revolutionizing Financial Compliance with AI (link)

  • ⛪️ Easy Cloud AI: Unlock Sermon Transcripts with Beluga AI: The Game-Changing Tool for Churches (link)

Listen or read the following transcript as Sinclair Ferguson speaks on Preaching from Daniel, Part 1 in this address from The Gospel Coalition Sermon Library.

The following unedited transcript is provided by Beluga AI.

AI News

  • 📽️ What’s next for generative video (link)

  • 📱 Samsung to roll out AI features to Galaxy S23 and foldable models, with one big surprise (link)

  • 👨 Microsoft has a new Windows and Surface chief (link)

  • 🧱 Databricks’ new open-source AI model could offer enterprises a leaner alternative to OpenAI’s GPT-3.5 (link)

  • 🤖 The Grok chatbot will soon be enabled for X Premium users, Elon Musk says (link)

AI Tools

  • ⌚️ Graphlit: Integrate your data with LLMs in minutes, not weeks (link)

  • 📚️ imaginario: Bring your whole library or plug into our API to understand your videos like never before (link)

  • 🧑‍🏫 FluffyTutor: Learn any language with an AI tutor at your own pace (link)

  • 🖋️ Dreamwriter: Develop hard-hitting PDFs & PPTs that are built to perform (link)