Why the AI race may never have a clear winner
- Amazon's $4 billion investment in Anthropic shows why it’s not wise to bet on any one company in the AI race
Jim Cramer coined the acronym FANG in 2013 to describe some of the most prominent companies in the tech sector – Facebook, Amazon, Netflix, and Google. He later included Apple in the group and expanded the acronym to FAANG. Others even replaced Netflix with Microsoft to make it FAAMG. Today's generative-AI-obsessed world is betting big on MAMAA (Meta, Apple, Microsoft, Amazon and Alphabet) and MATANA (Microsoft, Apple, Tesla, Alphabet, Nvidia, and Amazon) stocks. Add OpenAI, Anthropic, and Hugging Face (OAH) to the acronym and it reads MATANAOAH or MATAAANOAH.