In addition to Google, Amazon has also announced an investment of up to $4 billion in Anthropic to compete with growing AI cloud rivals. Amazon's investment is expected to help the startup establish a larger footprint in AI development. As of March this year, Google has invested $30.7 billion in AI, leading the pack among tech companies worldwide. Amazon and Microsoft have invested $10 billion and $13 billion respectively.
Key takeaways:
- Google is investing up to $2 billion in AI company Anthropic, with $500 million upfront and an additional $1.5 billion over time.
- Amazon has also invested in Anthropic, with a potential total investment of up to $4 billion.
- Anthropic is the developer of the Claude 2 chatbot, which is being used by companies such as Slack, Notion, and Quora.
- Google is currently leading in AI investments among tech companies, with a total investment of $30.7 billion as of March this year.