01:27 PM EDT, 03/27/2024 (MT Newswires) -- (Updates with additional details in the second paragraph.)

Amazon.com ( AMZN ) said Wednesday it has made an additional $2.75 billion investment in Anthropic, bringing its total investment to $4 billion.

The e-commerce giant said the investment is for a minority ownership position in Anthropic. It is part of collaboration between Amazon ( AMZN ), Anthropic and Accenture ( ACN ) to advance generative artificial intelligence.

Price: 179.45, Change: +1.15, Percent Change: +0.65