Feb 3, 2023

Google invests $300 million in Anthropic as race to compete with ChatGPT heats up

Posted by in categories: robotics/AI, security

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According to new reporting from the Financial Times, Google has invested $300 million in one of the most buzzy OpenAI rivals, Anthropic, whose recently-debuted generative AI model Claude is considered competitive with ChatGPT.

According to the reporting, Google will take a stake of around 10% and Anthropic will be required to use the money to buy computing resources from Google Cloud. The new funding will value the San Francisco-based company at around $5 billion.

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