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Google Strengthens Anthropic Ties With $2 Billion Investment

Oct 29, 2023 - pymnts.com
Google is reportedly planning to invest an additional $2 billion in artificial intelligence (AI) firm Anthropic, adding to its previous investment of $500 million and a commitment to contribute another $1.5 billion over time. This move is seen as Google's effort to compete with Microsoft, a major investor in OpenAI, as tech companies scramble to incorporate AI into their products. Earlier in the month, there were reports that Anthropic was seeking a $2 billion infusion from Google. The company has also received an investment worth up to $4 billion from Amazon and is valued at over $20 billion.

Anthropic is known for its commitment to building and deploying generative AI capabilities with stronger built-in guardrails, a feature that sets it apart from competitors like OpenAI, Google, and Meta. The company's focus on 'Constitutional AI' is aimed at reducing the risk of AI models making mistakes, which can have serious consequences, especially in sensitive sectors like healthcare. In July, Amazon and Anthropic signed the White House’s pledge to foster the safe, secure, responsible, and effective development of AI.

Key takeaways:

  • Google is reportedly considering investing an additional $2 billion in AI firm Anthropic, having already invested $500 million and agreed to contribute another $1.5 billion over time.
  • Anthropic has also received an investment worth up to $4 billion from Amazon and has been valued at more than $20 billion.
  • Anthropic is known for its commitment to building and deploying generative AI capabilities with stronger built-in guardrails, thanks to its training approach centered around 'Constitutional AI.'
  • Facebook parent company, Meta Platforms, has announced that AI will be a focus in the year ahead, with CEO Mark Zuckerberg stating that AI will be their biggest investment area in 2024.
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