{"id":193094,"date":"2024-07-17T22:22:26","date_gmt":"2024-07-18T03:22:26","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/07\/anthropic-launches-100-million-ai-fund-with-menlo-ventures-ramping-up-competition-with-openai"},"modified":"2024-07-17T22:22:26","modified_gmt":"2024-07-18T03:22:26","slug":"anthropic-launches-100-million-ai-fund-with-menlo-ventures-ramping-up-competition-with-openai","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/07\/anthropic-launches-100-million-ai-fund-with-menlo-ventures-ramping-up-competition-with-openai","title":{"rendered":"Anthropic launches $100 million AI fund with Menlo Ventures, ramping up competition with OpenAI"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/anthropic-launches-100-million-ai-fund-with-menlo-ventures-ramping-up-competition-with-openai2.jpg\"><\/a><\/p>\n<p>The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using the AI company\u2019s technology. Menlo will put up the cash to invest in the startups, while Anthropic will give founders $25,000 in credits that go toward using its large language models.<\/p>\n<p>The launch of the Anthology Fund mirrors a partnership between Apple and venture firm Kleiner Perkins. The joint venture, called the <a href=\"https:\/\/techcrunch.com\/2008\/03\/06\/kleiner-perkins-anounces-100-millioin-ifund-for-iphone-applications\/\" target=\"_blank\">iFund<\/a>, was introduced in 2008, a year after the iPhone hit the market, to support developers on Apple\u2019s mobile platforms. It initially started with $100 million in 2008, and doubled to $200 million two years later.<\/p>\n<p>Matt Murphy, a partner at Menlo Ventures and a former partner at Kleiner Perkins, said the iFund was the inspiration for this launch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using the AI company\u2019s technology. Menlo will put up the cash to invest in the startups, while Anthropic will give founders $25,000 in credits that go toward using its large language models. The [\u2026]<\/p>\n","protected":false},"author":359,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1512,6],"tags":[],"class_list":["post-193094","post","type-post","status-publish","format-standard","hentry","category-mobile-phones","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/193094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/359"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=193094"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/193094\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=193094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=193094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=193094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}