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Google invests further $1bn in OpenAI rival Anthropic

Google has invested an additional $1 billion in Anthropic, increasing its total investment to around $3 billion.
Anthropic plans to launch major product updates, including new AI models and a system called the Virtual Collaborator.
Anthropic's revenue reached an annualized $1 billion in December, marking a 10x increase year over year.
The generative AI market, including companies like Anthropic and OpenAI, is projected to exceed $1 trillion in revenue within a decade.

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Inc.

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Google Steps Up AI Race With Fresh $1 Billion Investment in OpenAI Rival Anthropic

The AI contender to the apparent market leader finished a $2 million funding round and now has a $60 billion valuation.

2 months ago

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CNBC

Center

Google agrees to new $1 billion investment in Anthropic

Google has agreed to a new investment of more than $1 billion in generative AI startup Anthropic, a person familiar with the situation confirmed to CNBC.

2 months ago·United States

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sherwood.news

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Google invests another billion in Anthropic

Google has now invested $3 billion in the AI startup....

2 months ago

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TechCrunch

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Anthropic reportedly secures an additional $1B from Google

Anthropic has reportedly raised around $1 billion from Google as the AI company looks to deliver a number of major product updates this year.

2 months ago·United States

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Engadget

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Jingletree

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Google is investing another billion dollars in Anthropic

Google is pumping another one billion dollars into generative AI company Anthropic after investing more than two billion last year.

2 months ago·United States

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Benzinga

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Anthropic Gains Big With Google Backing, Aims for $60 Billion Valuation and Surging AI Revenue - Alphabet (NASDAQ:GOOGL)

Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google earmarked over $1 billion investment into OpenAI rival Anthropic, intensifying its rivalry with Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc (NASDAQ:META) and Amazon.Com Inc (NASDAQ:AMZN). In 2023, Google committed up to $2 billion to the Microsoft-backed OpenAI rival, Financial Times reports, citing unnamed sources familiar with the matter. The new tranche of money from Google into Anthropi…

2 months ago·New York, United States

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