Amazon investing up to €3.76 billion in AI startup Anthropic

(Alamy/PA)

Amazon is investing up to four billion US dollars (€3.76 billion) in Anthropic and taking a minority stake in the artificial intelligence (AI) startup, the two companies have said.

The investment underscores how big tech companies are pouring money into AI as they race to capitalise on the opportunities the latest generation of the technology is set to fuel.