Google and Amazon Battle for AI Supremacy, Invest Billions in Generative AI Startup Anthropic

Google invests $2 billion in AI startup Anthropic, inks major cloud deal

Investment comes after Amazon put up to $4 billion into Anthropic earlier this year

Deals pit Google and Amazon against each other as they compete for relationships with AI startups

Anthropic is building a chatbot with generative AI, competing with OpenAI's chatbot

Google and Amazon's deals are structured as convertible notes, meaning they'll convert to equity later