AWS boss explains why investing billions in both Anthropic and OpenAI is an OK conflict

AWS boss explains why investing billions in both Anthropic and OpenAI is an OK conflict

Matt Garman, CEO of Amazon Web Services, speaks during the WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. (Photo by Frederic J. BROWN / AFP) | Image Credits:Frederic J. Brown / Getty Images

AWS CEO Matt Garman said Amazon’s recent $50 billion investment in OpenAI, after its long partnership including $8 billion of investment in Anthropic, is the type of conflict of interest the cloud giant is used to handling.

Garman has worked at Amazon since he was a business school intern in 2005, before the launch of AWS in 2006, he told the audience of the HumanX conference taking place this week in San Francisco.

When asked about the inherent conflict of working closely with two AI model companies that are fierce (and, arguably, sometimes petty) competitors, he said it’s not a problem. Because AWS itself often competes with its partners, it has a lot of direct experience with…

https://finance.yahoo.com/sectors/technology/articles/aws-boss-explains-why-investing-200914573.html