LBS News


May 2024 | No Comment

$4 billion investment in Anthropic by Amazon

Amazon invested a total of $4 billion in Anthropic, with $2.75 billion being the second tranche of their investment. This investment is the largest venture investment Amazon has ever made. The aim is to bolster Amazon’s position in the field of Artificial Intelligence, with Anthropic being a leader in generative AI.

Microsoft invests in G42

G42, UAE-based AI technology holding company, and Microsoft Corp. has announced a $1.5 billion strategic investment by Microsoft in G42. This expanded collaboration will empower organizations of all sizes in new markets to harness the benefits of AI and the cloud while ensuring they are adopting AI that adheres to world-leading standards in safety and security.

G42 will run its AI applications and services on Microsoft Azure and partner to deliver advanced AI solutions to global public sector clients and large enterprises.

NYC autonomous vehicle testing program

Mayor Eric Adams and the New York City Department of Transportation (DOT) Commissioner Ydanis Rodriguez have introduced a new permit program designed to oversee the testing of autonomous vehicles in New York City. The program is part of the city’s initiative to ensure the safe and responsible exploration of autonomous vehicles. With safety as the primary concern, the program mandates that a trained driver must be present behind the wheel of any autonomous vehicle being tested, ready to take control at any moment.

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