Google plans to invest up to $2 billion in the artificial intelligence firm Anthropic, according to a spokesperson for Anthropic. The initial investment is $500 million, with an additional $1.5 billion to be added gradually. This move by Google reflects its efforts to compete with Microsoft and other major tech companies in incorporating AI into their applications.
Separately, Amazon also announced plans to invest up to $4 billion in Anthropic. Both Google and Amazon declined to comment on the matter. This news was originally reported by The Wall Street Journal. The increased number of investments highlights the ongoing competition among cloud companies to align with AI startups. Anthropic, co-founded by former executives of OpenAI, aims to establish its position in the tech industry by attracting deep-pocketed backers.
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