Amazon announces investment into Anthropic
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In September 2023, Amazon pledged a $4 billion investment in the AI start-up, Anthropic, with an initial commitment of $1.25 billion for a minority share. Nucleus expects that this investment will bolster the infrastructure and processing of the Claude API and intensify LLM market competition. Nucleus has previously found that employing LLM technology can reduce the duration of certain tasks including composing emails, generating documents, and interpreting data by between 10 and 40 percent and render between eight and 20 percent of labor costs automatable areas over the next ten years.
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