Google to invest up to $2B in Anthropic

Google has agreed to invest up to $2 billion in the artificial intelligence company Anthropic, according to a spokesperson for the startup. Google has already invested $500 million into the OpenAI rival and will add $1.5 billion more over time. This investment highlights Google’s efforts to compete with Microsoft, which is a major backer of OpenAI. Amazon.com also announced its investment of up to $4 billion in Anthropic last month. The growing number of investments in AI startups by major tech companies indicates ongoing maneuvering to secure ties with these companies. Anthropic, founded by former OpenAI executives, aims to become a leader in the technology sector.

https://www.reuters.com/technology/google-agrees-invest-up-2-bln-openai-rival-anthropic-wsj-2023-10-27/

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