Google Doubles Down On AI, Set To Invest 2 Billion In Openai Rival Startup Anthropic

Here we are sharing a piece of big news with you Google is an American multinational technology company that focuses on artificial intelligence, online advertising, search engine technology, e-commerce, quantum computing, computer software, and consumer electronics. Reportedly, search giant Google has promised to fund $ 2 billion in OpenAI rival Al startup Anthropic. Since the news came on the internet it went viral on social media platforms and uncounted reactions started hitting the headlines as now many people want to know complete information about the news. Here we have more information about the news and we will share it with you in this article.

 

Google
Image: Google

The new investment is different from Google’s $550 million investment in Anthropic earlier this year. The news of Amazon’s investment is structured as a switchable note, a type of obligation that may be transformed into equity in the next round of funding. According to the report, Google has already supported $500 million in the firm and has committed to investing an additional $1.5 billion in the future. Currently, this news has been gaining huge attention from the people as people are curious to know complete details. Scroll down to the next page for more information about the news.

Wall Street Journal said, interestingly, before Google’s latest round of investment in Anthropic, the tech giant had already signed a Google Cloud deal that cost more than $3 billion. Anthropic signed a multi-year agreement with Google Cloud worth over $3 billion. The deal was signed a few months before the new investment. Earlier, Amazon promised to invest up to $ billion in Anthropic as it aims to compete with other cloud firms in Al. You are on the right page for more information about the news, so please read the complete article.

As far as we know, In a quarterly filing with the US Securities and Exchange Commission this week, quoted by Reuters, Amazon had described that it had funded $1.25 billion in the Al startup, which may be converted into equity, and its capacity to invest $2.75 billion in second note parts in the first quarter of 2024. Dario and Dniela Amodei are siblings who worked as engineers at OpenAI before starting their own company in 2021. The WSJ report states that the siblings had a dispute with OpenAI CEO Sam Altman over the safe development of artificial intelligence. Here we have shared all the information that we had. Stay tuned to us for more updates.