Home ยป Google’s Monumental Investment in Anthropic: Pioneering the Future of AI with a Staggering $2 Billion

Google’s Monumental Investment in Anthropic: Pioneering the Future of AI with a Staggering $2 Billion

The Wall Street Journal has reported that Google has agreed to invest in Anthropic, an AI startup founded by former OpenAI employees, adding another $2 billion to its value. The investment will be divided into an initial lump sum of $500 million, with the remainder to be paid in the future.

Previously, Google had invested $550 million in Anthropic. This new deal comes on the heels of Anthropic recently receiving investment funds from Amazon, worth $4 billion.

Currently, Anthropic has deals to utilize the cloud services of two major tech companies, Google and Amazon, while OpenAI has entered into an agreement with Microsoft. This reflects the growing trend of big companies increasing their investments in AI startups.

TLDR: Google is investing an additional $2 billion in AI startup Anthropic, which was founded by former OpenAI employees. This comes after Anthropic received a $4 billion investment from Amazon. The company has deals with both Google and Amazon for cloud services, while OpenAI has partnered with Microsoft. This indicates a growing trend of major companies investing in AI startups. (122 words)

More Reading

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Google Unites LLM Services, Bard, and Duet AI Under the Enigmatic Moniker Gemini as the App Gemini Takes Flight.

Revolutionary Shift by Google: Abandoning 3rd Party Cookie Shutdown Plan on Chrome and Empowering Users to Customize Settings on Their Own

CEO Microsoft Initiates Court Battle; Validates Google-Apple Deal as a Disruptive Business Venture