Google to invest fresh $1 billon in OpenAI rival Anthropic: Reports

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Google is making a fresh investment of more than $1 billion into AI startup Anthropic, the Financial Times reported on Wednesday.

This comes after Reuters and other media reported earlier in January that Anthropic was nearing a $2 billion fundraise in a round, led by Lightspeed Venture Partners, valuing the firm at about $60 billion.

The FT said that Google’s new investment was separate from the Lightspeed funding round.

Anthropic, a major competitor of OpenAI in the AI foundation model space, declined to comment. Google did not immediately respond…



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Google to invest fresh $1 billon in OpenAI rival Anthropic: Reports


Google is making a fresh investment of more than $1 billion into AI startup Anthropic, the Financial Times reported on Wednesday.

This comes after Reuters and other media reported earlier in January that Anthropic was nearing a $2 billion fundraise in a round, led by Lightspeed Venture Partners, valuing the firm at about $60 billion.

The FT said that Google’s new investment was separate from the Lightspeed funding round.

Anthropic, a major competitor of OpenAI in the AI foundation model space, declined to comment. Google did not immediately respond…



Source link

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.

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