Google has doubled its bets on artificial intelligence (AI) by investing another $2 billion in AI startup Anthropic, according to a new report.
Google has already invested $500 million up front in Anthropic — a competitor to ChatGPT creators OpenAI — and will repay the remaining $1.5 billion over time. According to October A report issued on February 27 by The Wall Street Journal (WSJ), which cited people familiar with the matter.
This massive deal adds to Google’s $550 million investment in Anthropic earlier in 2023.
Google Cloud also struck a multi-year deal with Anthropic a few months ago worth more than $3 billion, the Wall Street Journal revealed, citing a person familiar with the matter.
This news comes on the heels of Amazon’s massive $4 billion investment in Anthropic in September.
$Google Agrees to Invest $2 Billion in an AI Startup – Wall Street Journal
– Google The Humanitarian deal reflects the Tech Giant’s continued drive toward artificial intelligence
– Google Investment follows Amazon’s $4 billion financing for Anthropic
Google previously invested $550 million in Anthropic– Kaushik (@BigBullCap) October 27, 2023
Anthropic is using much of these investments to train its own AI systems, such as its AI assistant Claude, in hopes that the company can make the next big breakthrough in the AI industry.
On the other side of the fence is OpenAI, which has received more than $13 billion in funding from Microsoft alone since 2019, and continues to build more advanced versions of its automated chatbot, ChatGPT. The popular chatbot amassed more than 100 million users within the first two months of its launch in November 2022, which has attracted the attention of many venture capital firms around the world looking to invest in this space.
Anthropic’s co-founders, brothers Dario and Daniela Amodei, previously worked at OpenAI but left in 2021 after disagreements with OpenAI CEO Sam Altman over… safety Implications associated with building artificial intelligence systems.
Related: Universal Music Group is suing Anthropic AI for copyright infringement
Before Google and Amazon, Anthropic was primarily funded by former FTX CEO Sam Bankman-Fried, who invested about $530 million in Anthropic in April 2022 — about seven months before FTX collapsed.
It was an anthropic rise in evaluation Been watched As a positive signal to FTX’s creditors in the hope that they will be fully compensated from the FTX bankruptcy case.
As SBF witnessed, Google announced it is investing another $2 billion in artificial intelligence company Anthropic
FTX invested $500 million in Anthropic — before Google and before Amazon. The company has now raised $7 billion last year alone.
FTX client gap closer to support pic.twitter.com/bCDAIlL3nK
– Zach Guzman (@zGuz) October 27, 2023
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