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Google Commits $2 Billion Investment in Anthropic, OpenAI's Competitor
Google, a subsidiary of Alphabet, has reached an agreement to invest up to $2 billion in Anthropic, an artificial intelligence company.
According to a spokesperson for Anthropic, Google has already invested $500 million upfront and plans to add an additional $1.5 billion over time.
This move highlights Google's efforts to compete with Microsoft, a major supporter of OpenAI, the creator of ChatGPT.
The investment by Google comes as part of a larger trend among tech giants to incorporate AI into their applications. Amazon.com recently announced its plan to invest up to $4 billion in Anthropic, aiming to rival other cloud providers in the AI space.
Anthropic, co-founded by former executives of OpenAI, Dario and Daniela Amodei, has been actively seeking resources and influential backers to establish itself as a leader in the technology sector. The company's ambition to compete with OpenAI has attracted the attention of major players in the industry.
Google's investment in Anthropic underscores its commitment to advancing AI technology and staying competitive in the rapidly evolving tech landscape. The details of the investment agreement have not been disclosed and both Google and Amazon declined to comment on the matter.
Google has agreed to invest up to $2 billion in Anthropic, an AI company.
The investment includes an upfront amount of $500 million, with an additional $1.5 billion to be added over time.
Google's investment aims to strengthen its position in the AI market and compete with Microsoft and OpenAI.
Source: REUTERS