The current wave of AI is a constant barrage of news items. To see what I mean, ask yourself how much time you spent thinking about the fact that Amazon spent an additional $2.75 billion on Anthropic AI last week. right?
Despite the headline numbers getting even bigger, we have become accustomed to the influx of capital that has become common in the AI space. Yes, Amazon is shelling out cash for Anthropic, but billions of dollars is nothing compared to what some companies are planning to spend. Indeed, compared to true giants, even smaller technology companies spend to stay on the cutting edge.
So, to understand what's new with Amazon, let's briefly rewind some of the biggest AI rounds of the past few quarters and ask ourselves why we big tech companies are so busy processing our checkbooks. Sho.