Google invests $300 million in artificial intelligence start-up Anthropic

Share via:

Google invested about $300 million in artificial intelligence start-up Anthropic, making it the latest tech giant to throw its money and computing power behind a new generation of companies trying to claim a place in the booming field of “generative AI”.

Google will take a 10% stake in the start-up, which will help Anthropic’s finances at a time when it is purchasing significant computing resources from Google’s cloud computing division. Google confirmed that it had made an investment and that it had a large cloud contract with Anthropic, but no further details were provided. Google’s move highlights the power that a small number of Big Tech companies have over other AI companies that require access to cloud computing platforms to handle the massive AI models developed by groups like Anthropic.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Google invests $300 million in artificial intelligence start-up Anthropic

Google invested about $300 million in artificial intelligence start-up Anthropic, making it the latest tech giant to throw its money and computing power behind a new generation of companies trying to claim a place in the booming field of “generative AI”.

Google will take a 10% stake in the start-up, which will help Anthropic’s finances at a time when it is purchasing significant computing resources from Google’s cloud computing division. Google confirmed that it had made an investment and that it had a large cloud contract with Anthropic, but no further details were provided. Google’s move highlights the power that a small number of Big Tech companies have over other AI companies that require access to cloud computing platforms to handle the massive AI models developed by groups like Anthropic.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

The Laundry House: Redefining Premium Fabric Care And Cleaning...

Incorporated in 2015, The Laundry House has swiftly established...

CoinDCX Rolls Out Web3 Mode To Facilitate Crypto Purchases...

SUMMARY The Web3 integration will give users access to...

MyMuse Is Changing India’s Perception Towards Sexual Wellness

SUMMARY Founded in 2021 by Sahil Gupta and Anushka...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!