Google invests another $2 billion in artificial intelligence company Anthropic: Report

Google is doubling down on its artificial intelligence (AI) bet by investing another $2 billion in artificial intelligence startup Anthropic, according to a new report.

Google has already invested $500 million in Anthropic, an OpenAI competitor from the creators of ChatGPT, and will pay the remaining $1.5 billion over time, according to a Wall Street Journal (WSJ) report on Oct. 27, citing people familiar with the matter. did

The big deal adds to Google’s $550 million investment in Entropic in early 2023.

Google Cloud also struck a multi-year deal with Anthropic a few months ago worth more than $3 billion, the WSJ reported, citing a person familiar with the matter.

The news follows Amazon’s massive $4 billion investment in Entropic in September.

Anthropic will use many of these investments to train its AI systems, such as the Cloud AI Assistant, in the hope that the company can achieve the next big breakthrough in the AI ​​industry.

On the other side of the fence is OpenAI, which has received more than $13 billion in funding from Microsoft alone since 2019 and continues to build more advanced versions of its AI chatbot, ChatGPT. The popular chatbot amassed more than 100 million users in the first two months of its launch in November 2022, attracting the attention of many venture capital firms around the world looking to invest in the space.

Anthropic’s founders, siblings Dario and Daniela Amodi, previously worked at OpenAI but left in 2021 following disagreements with OpenAIs CEO Sam Altman over the safety implications associated with building artificial intelligence systems.

Related: Universal Music Group sued Anthropic AI for copyright infringement

Before Google and Amazon, Anthropic was primarily funded by former FTX CEO Sam Benkman Fried, who invested about $530 million in Anthropic in April 2022, about seven months before FTX collapsed.

Anthropics’ rise in value is seen as a positive sign for FTX’s creditors, who hope they will be fully compensated from FTX’s bankruptcy filing.

Journal: AI Eye: Real Use of AI in Crypto, Googles GPT-4 Rival, AI Edge for Bad Employees