Google has agreed to invest another $2 billion in AI startup Anthropic, considered to be one of OpenAI’s biggest competitors. It follows Amazon’s $4 billion investment in Anthropic last month.
Google has already invested $500 million as part of the deal, while the outstanding $1.5 billion will be paid over time, according to the Wall Street Journal.Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report.
Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time,The mega-deal adds to Google’s $550 million investment into Anthropic earlier in the year. Google Cloud also striked a multi-year deal with Anthropic a few months ago worth over $3 billion, WSJ revealed, citing a person familiar with the matter.- Google Investment Follows Amazon's $4 Billion Funding of AnthropicAnthropic is using much of these investments to train its AI systems, such as AI assistant Claude, in hopes that the firm can achieve the next big breakthrough in the AI industry.
On the other side of the fence is OpenAI, who have received more than $13 billion in funding from Microsoft alone since 2019 and continue to build more advanced versions of its own AI chat bot, ChatGPT. The popular chat bot amassed overof launching in November, which caught the attention of many venture capital firms around the world looking to invest in the space.
The co-founders of Anthropic, siblings Dario and Daniela Amodei, previously worked at OpenAI but left in 2021 following disputes with OpenAI’s CEO Sam Altman overbankrolled by former FTX CEO Sam Bankman-Fried,as a positive sign for FTX creditors in hopes that they will be compensated fully from FTX’s bankruptcy case.FTX invested $500M in Anthropic — before Google and before Amazon. The company has now raised $7 billion in the past year alone.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google to invest $2 billion in AI startup Anthropic: reportJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Read more »
Google Commits $2 Billion in Funding to AI Startup AnthropicGoogle move follows Amazon investment as tech giants place bigger bets on startups racing to develop artificial intelligence
Read more »
Google commits to invest $2 billion in OpenAI competitor AnthropicFounded by former OpenAI executives, Anthropic has emerged as one of the hottest artificial intelligence startups, thanks to its Claude 2 chatbot
Read more »
Chatbots Trained on User Feedback Exhibit 'Sycophancy' Behavior: A Study by AnthropicChatbots will tell you what you want to hear, not necessarily the truth, in order to gain your approval.
Read more »
Google CEO Sundar Pichai to testify Monday in US Google antitrust trialSundar Pichai, chief executive of Alphabet (GOOGL.O) and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising.
Read more »
New Google Leak Reveals Powerful Google Photos Feature For AndroidI’ve been working as a technology journalist since the early nineties. My passion is photography and the ever-changing hardware and software that we use to create it, be it traditional cameras and Photoshop or smartphones and tablets with their numerous apps.
Read more »