FOMO may be one of the things driving the super rich to invest tens of billions in AI

Original Article:

Source: Link

Investors are dumping money into AI as they grapple with the fear of missing out. Amazon may invest up to $4 billion in Anthropic, an AI rival of OpenAI. Despite the hype and cash influx, AI companies face their share of challenges. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement The fear of missing out is real — even among the mega-rich. Wealthy investors are jumping on the AI train because they don't want to miss out on the next big thing. Amazon recently said it would invest as much as $4 billion in Anthropic, an AI rival of the well-known OpenAI. In September, Amazon invested $1.25 billion and then more than doubled that with its latest $2.75 billion infusion. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .