Sunday, December 22, 2024
Advertisement
  1. You Are At:
  2. News
  3. Technology
  4. Google set to invest $2 billion in Anthropic- OpenAI's competitor

Google set to invest $2 billion in Anthropic- OpenAI's competitor

The investment includes an initial sum of $500 million and the possibility of an additional $1.5 billion in the future, according to sources. This move comes after Google's $300 million investment in April, which secured the company a 10% stake in Anthropic.

Edited By: Saumya Nigam @snigam04 New Delhi Published : Oct 29, 2023 12:05 IST, Updated : Oct 29, 2023 12:05 IST
Google, investment, Anthropic AI
Image Source : FILE Google plans a $2 billion investment in Anthropic AI startup

Google is set to invest $2 billion in the AI startup Anthropic, created by former members of OpenAI, as competition in the AI field intensifies. This funding deal will comprise $500 million initially and up to $1.5 billion later, according to reports from The Wall Street Journal. Google has not yet issued an official comment regarding this development. In April, Google had already invested $300 million, gaining a 10% stake in the company. In September, Amazon also announced plans to invest as much as $4 billion in Anthropic, securing a minority ownership position in the firm, reflecting the fierce competition within the growing generative AI sector dominated by OpenAI's ChatGPT.

Anthropic is the creator of Claude 2, a rival chatbot to OpenAI's ChatGPT, which boasts strong performance on GRE reading and writing exams, as well as quantitative reasoning, ranking above the 90th percentile. Anthropic had the honour of being one of four companies invited to a meeting at the White House to engage in discussions on responsible AI development with US Vice President Kamala Harris. The other companies in attendance included Alphabet, Microsoft, and OpenAI.

India Tv - Google, investment, Anthropic AI startup

Image Source : FILEGoogle plans a billion investment in Anthropic AI startup

Anthropic has selected Amazon Web Services (AWS) Trainium and Inferentia chips for building, training, and deploying its future foundational models. This choice leverages the price, performance, scalability, and security benefits of AWS. As of July 2023, Anthropic had successfully raised $1.5 billion in funding. The company was founded in 2021 by former senior members of OpenAI, most notably Daniela Amodei and Dario Amodei, with the latter having served as OpenAI's Vice President of Research.

ALSO READ: Sundar Pichai emphasizes Google's ongoing AI investment strategy

This significant investment by Google highlights the escalating race among tech giants to advance their AI capabilities and foothold in the AI market.

Inputs from IANS

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Technology

Advertisement
Advertisement
Advertisement
Advertisement