The move will put the cloud-computing giant in closer competition with OpenAI and Anthropic.

Anthropic on Monday closed its latest funding round at a $61.5 billion post-money valuation, the company confirmed to CNBC.

There's scarcely a part of the company that is unaffected by AI,” said Vishal Sharma, Amazon’s VP of Artificial General ...

Anthropic said Monday it raised $3.5 billion in its latest funding round, giving the Amazon- and Google-backed AI startup a ...

Amazon's upcoming Nova AI model aims to enhance reasoning capabilities, challenging rivals like Anthropic and OpenAI ...

Anthropic co-founders Dario Amodei (left) and Daniela Amodei. (Anthropic Photo) Anthropic is adding more rocket fuel to its ...

Amazon (NASDAQ:AMZN) is making a serious move in the AI race with plans to roll out a new "reasoning" model under its Nova ...

E-commerce giant Amazon is building its own artificial intelligence model that could compete with more established offerings ...

The announcement follows new fund-raising efforts from rivals like OpenAI, which is set to close a deal that values the ...

The Series E deal comes less than two months after the company raised $1 billion from Google LLC. Two months before that, ...

The funding round was led by Lightspeed Venture Partners, and the list of those taking part included Salesforce Ventures, ...

Amazon-backed AI company Anthropic has raised $3.5 billion in its Series E round with a post-money valuation of $61.5 ...