Google has set its sights on a $2 billion investment in Anthropic, an AI startup led by ex-members of OpenAI, amid the intensifying AI competition. The Wall Street Journal reports a staggering $500 million initial investment, potentially escalating to $1.5 billion.
This recent development follows Google’s previous investment of $300 million in April, securing a 10% stake in the company. Notably, Anthropic has garnered attention for its advanced chatbot, Claude 2, which competes with OpenAI’s ChatGPT, boasting high scores on standardized tests.
In a significant move, Amazon also announced plans to invest up to $4 billion in Anthropic, reflecting the escalating competition within the burgeoning generative AI market. Anthropic’s remarkable trajectory culminated in an invitation to the White House, alongside industry leaders like Alphabet, Microsoft, and OpenAI, to deliberate responsible AI development with Vice President Kamala Harris.
In their pursuit of innovation, Anthropic has aligned with Amazon Web Services (AWS), leveraging Trainium and Inferentia chips to enhance their foundational models. The company has successfully raised $1.5 billion in funding as of July 2023, since its establishment in 2021 by former OpenAI executives Daniela Amodei and Dario Amodei.