Google invests over $1 billion in AI startup Anthropic, intensifying the tech race against OpenAI.

Google is reportedly investing over $1 billion into Anthropic, an AI startup competing with OpenAI. This investment comes on top of Google's existing $2 billion commitment, bringing its total stake to over $3 billion. Anthropic, known for developing advanced AI models, has seen annualized revenue of about $875 million. The company is also backed by Amazon, which invested $8 billion. This move follows OpenAI's launch of ChatGPT, sparking an AI arms race among tech giants.

2 months ago
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