Anthropic to spend over $100 billion over a decade on Amazon's cloud tech

April 20 (Reuters) - ⁠Amazon said on Monday that ⁠Anthropic will spend more than $100 billion over the next 10 years on its cloud technologies, deepening their relationship as the AI ⁠startup rushes ⁠to secure capacity to bolster its ⁠models.

Amazon will also invest $5 billion in Anthropic now, ⁠and an additional $20 billion in the future, subject to certain commercial milestones. This ⁠is in addition to the $8 billion Amazon has previously invested in ⁠the company.

Anthropic is aiming to pull ahead in the AI race with a slew of ⁠model releases focusing on coding and design, while Amazon seeks customers for its custom silicon chips built for ⁠artificial intelligence training and inference.

Amazon shares rose around 2.5% in extended trading.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Pooja Desai)