The artificial intelligence company Anthropic will get a $2 billion investment from Google
The Wall Street Journal reports that Google has already put up $500 million toward the transaction, with the remaining $1.5 billion to be paid in installments.
According to the latest information, Google has increased its stake in the artificial intelligence (AI) firm Anthropic by $2 billion.
According to a story from The Wall Street Journal (WSJ) citing persons familiar with the subject published on October 27th, Google has already contributed $500 million upfront to Anthropic, a competitor to ChatGPT developers OpenAI, and will pay out the remaining $1.5 billion over time.
This massive transaction follows Google’s previous $550 million investment in Anthropic. A few months ago, Google Cloud and Anthropic agreed to a multi-year arrangement for over $3 billion, as reported by WSJ, which cited a source familiar with the situation.
Amazon poured $4 billion into Anthropic at the end of last month, so this is in keeping with that. With the help of these funds, Anthropic is training its AI systems like the AI helper Claude in the aim of making the next major breakthrough in artificial intelligence.
While Microsoft has invested over $13 billion in OpenAI since 2019, the latter has been busy developing improved versions of its own artificial intelligence conversation bot, ChatGPT. Over one hundred million people signed up to use the chat bot in its first two months after its November debut, attracting the interest of investors from across the globe.
Dario and Daniela Amodei, the company’s co-founders, are brothers who worked at OpenAI before leaving in 2021 due to disagreements with the company’s CEO, Sam Altman, regarding the safety consequences of constructing AI systems.
Sam Bankman-Fried, the former CEO of FTX, spent around $530 million in Anthropic’s in April 2022, almost seven months before FTX’s bankruptcy. This was before investments from Google and Amazon. Creditors of FTX are optimistic that their claims will be completely reimbursed in light of Anthropic’s recent value increase.