Generative AI ‘FOMO’ is driving tech heavyweights to invest billions in startups

Tech giants are heavily investing in artificial intelligence startups to avoid missing out on the generative AI boom.

Amazon’s $2.75 billion investment in Anthropic is its largest venture deal, reflecting the AI gold rush among big tech companies.

Companies like Meta, Apple, and Google are racing to integrate generative AI into their products to keep up with the market’s growth.

Investors poured $29.1 billion into generative AI deals in 2023, with tech companies driving a significant portion of the investments.

Big tech firms are making strategic investments in AI due to the fear of missing out on the AI ecosystem.

Source: https://www.cnbc.com/2024/03/30/fomo-drives-tech-heavyweights-to-invest-billions-in-generative-ai-.html

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