Anthropic launches $100 million AI fund with Menlo Ventures, ramping up competition with OpenAI

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Anthropic launches $100 million AI fund with Menlo Ventures, ramping up competition with OpenAI
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Anthropic and one of its biggest investors are teaming up to back early-stage startups, and get them using the AI company’s technology.

Anthropic and Menlo Ventures are teaming up to back early-stage startups, and get them using the artificial intelligence company's technology.

The launch of the Anthology Fund mirrors a partnership between Apple and venture firm Kleiner Perkins. The joint venture, called the, was introduced in 2008, a year after the iPhone hit the market, to support developers on Apple's mobile platforms. It initially started with $100 million in 2008, and doubled to $200 million two years later.

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