Google is set to expand its investment in Anthropic, an artificial intelligence company, by an additional $1.5 billion, bringing their total investment to approximately $2 billion. The initial investment of $500 million served as a significant step in Google’s strategy to compete with OpenAI, the creator of ChatGPT, which is strongly supported by Microsoft.
Notably, Anthropic has also received investments from other influential entities, including Salesforce and Zoom. Furthermore, Amazon has expressed its intention to invest up to $4 billion in Anthropic, aiming to bolster its AI capabilities and compete vigorously in the cloud service sector.
In a prior financial transaction, Google made an initial investment of $300 million in Anthropic, securing a 10% stake in the company. Anthropic is well-regarded for its contributions to the field of artificial intelligence and was among the select four companies invited to a White House meeting dedicated to responsible AI development. The other participants in this meeting were Google’s parent company, Alphabet, Microsoft, and OpenAI.
The founders of Anthropic, Dario Amodei and Daniela Amodei, who were former executives at OpenAI, have been making significant strides in the AI landscape. Their recent announcement of a new chatbot, developed over an intensive two-month period with a team of 30 to 35 individuals, underlines the growing demand for large language models in the industry.
Dario Amodei emphasizes the substantial potential for various users to harness these advanced language models and the extensive opportunities within the sector. The demand for such technologies is currently surging, surpassing the industry’s capacity to supply these highly sought-after AI systems. As Google continues to invest in Anthropic, the race for dominance in the AI and cloud services sectors intensifies.
