Google is already an Anthropic investor, and the new investment would signal a step up in the company’s efforts to compete with Microsoft, a key supporter of ChatGPT inventor OpenAI, as Big Tech companies rush to incorporate AI into their apps.
According to a spokeswoman for Anthropic, Alphabet’s Google has agreed to invest up to $2 billion in the artificial intelligence business.
According to the spokesman, the corporation has spent $500 million in the OpenAI competitor and has pledged to contribute an additional $1.5 billion over time.
Google is already an Anthropic investor, and the new investment would signal a step up in the company’s efforts to compete with Microsoft, a key supporter of ChatGPT inventor OpenAI, as Big Tech companies rush to incorporate AI into their apps.
Amazon.com also announced last month that it will invest up to $4 billion in Anthropic to fight with emerging cloud rivals in artificial intelligence.
Amazon detailed its investment in a $1.25 billion note from Anthropic that can convert to equity in its quarterly report to the US Securities and Exchange Commission this week, while its ability to invest up to $2.75 billion in a second note expires in the first quarter of 2024.
Google declined to comment, while Amazon did not react quickly to a request for comment from Reuters.
The Wall Street Journal has previously reported on Google’s current arrangement with Anthropic.
The increasing number of investments demonstrates cloud firms’ continued efforts to acquire relationships with the AI startups that are transforming their sector.
Anthropic, which was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei, has demonstrated attempts to gather the resources and deep-pocketed investors required to compete with OpenAI and be technical leaders.
Anthropic is a San Francisco-based AI safety and research firm. Our multidisciplinary team includes expertise in machine learning, physics, policy, and product development. We collaborate to do research and develop dependable, helpful AI systems.
Anthropic was created in 2021 by former OpenAI executives, primarily siblings Daniela and Dario Amodei, the latter of whom was OpenAI’s Vice President of Research.[The Amodei twins were among those that quit OpenAI owing to ideological conflicts, notably about OpenAI’s 2019 projects with Microsoft.
By late 2022, Anthropic had collected US$700 million in finance, with Alameda Research contributing $500 million. Google’s cloud business followed with a $300 million investment for a 10% interest in a transaction that required Anthropic to purchase computer capacity from Google Cloud. Anthropic secured US$450 million in a financing sponsored by Spark Capital in May 2023.
