Google has doubled down on its synthetic intelligence bets by investing one other $2 billion into AI startup Anthropic, in line with a brand new report.
Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and can repay the remaining $1.5 billion over time, in accordance to an Oct. 27 report by the Wall Road Journal (WSJ), which cited folks acquainted.
The mega-deal provides to Google’s $550 million funding into Anthropic earlier within the yr.
Google Cloud additionally striked a multi-year cope with Anthropic a couple of months in the past price over $3 billion, WSJ revealed, citing an individual acquainted with the matter.
The information follows Amazon’s large $4 billion funding into Anthropic late final month.
$GOOGL Agrees to Make investments $2 Billion in AI Startup Anthropic – WSJ
– Google, Anthropic Deal Displays Continued Tech Large Push Into AI
– Google Funding Follows Amazon’s $4 Billion Funding of Anthropic
– Google Beforehand Invested $550 Million in Anthropic— Kaushik (@BigBullCap) October 27, 2023
Anthropic is utilizing a lot of those investments to coach its AI programs, similar to AI assistant Claude, in hopes that the agency can obtain the subsequent large breakthrough within the AI trade.
On the opposite aspect of the fence is OpenAI, who’ve obtained greater than $13 billion in funding from Microsoft alone since 2019 and proceed to construct extra superior variations of its personal AI chat bot, ChatGPT. The favored chat bot amassed over 100 million customers inside the first two months of launching in November, which caught the eye of many enterprise capital companies all over the world seeking to spend money on the area.
The co-founders of Anthropic, siblings Dario and Daniela Amodei, beforehand labored at OpenAI however left in 2021 following disputes with OpenAI’s CEO Sam Altman over security implications related to constructing AI programs.
Associated: Common Music Group sues Anthropic AI over copyright infringement
Previous to Google and Amazon, Anthropic was largely bankrolled by former FTX CEO Sam Bankman-Fried, who invested about $530 million in Anthropic’s in April 2022 — about seven months earlier than FTX collapsed.
Anthropic’s surge in valuation has been considered as a optimistic signal for FTX collectors in hopes that they are going to be compensated totally from FTX’s chapter case.
As SBF testifies, Google pronounces it is investing one other $2 billion in AI firm Anthropic
FTX invested $500M in Anthropic — earlier than Google and earlier than Amazon. The corporate has now raised $7 billion up to now yr alone.
FTX’s buyer gap nearer to being shored up pic.twitter.com/bCDAIlL3nK
— Zack Guzmán (@zGuz) October 27, 2023
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