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Google (NASDAQ:GOOG) (NASDAQ:GOOGL) is seemingly pulling out all of the stops to extend its presence in synthetic intelligence, together with investing in buzzy startup Anthropic.
The tech large, which reported third-quarter earnings earlier this week, has invested $500M into the AI firm with the promise of one other $1.5B over time, The Wall Road Journal reported, citing individuals accustomed to the matter.
Google invested $550M into Anthropic earlier this 12 months, The Journal added.
Mountain View, California-based Google didn’t instantly reply to a request for remark from Searching for Alpha.
Final month, Amazon (AMZN) mentioned it will make investments as much as $4B in San Francisco-Anthropic, and take a minority stake within the firm as the 2 events collaborate to advance generative AI.
Amazon Internet Companies might be Anthropic’s principal cloud supplier for mission essential workloads, together with security analysis and future basis mannequin growth. Moreover, Anthropic may also use AWS Trainium and Inferentia chips to construct, practice and deploy its future basis fashions, gaining from the worth, efficiency, scale, and safety of AWS.
Anthropic is the creator of the generative AI chatbot Claude, which competes with Google’s personal Bard and OpenAI’s ChatGPT, which took the world by storm late final 12 months, with momentum persevering with this 12 months.
In January, Microsoft (MSFT) introduced a “multibillion” greenback funding in OpenAI that reportedly gave the Satya Nadella-led firm a 49% stake in OpenAI. OpenAI has pledged to make use of Microsoft’s Azure cloud platform to coach its giant language fashions.
Since then, Microsoft has built-in OpenAI’s know-how into practically all of its merchandise, together with its Bing search engine, Edge browser and Workplace software program suite.