Google Joins the AI Race: $300 Million Investment in Anthropic
Google Joins the AI Race: Tech giant invests $300 million in AI start-up Anthropic to compete in generative AI technology. Since the launch of ChatGPT, the use of AI technology has taken off. Microsoft’s multi-million dollar investment in OpenAI, the developers of ChatGPT, has sparked interest in the field.
The Financial Times reported that Google will take a 10% stake in Anthropic and requires the use of the investment to purchase computing resources from Google’s cloud computing division. This move follows Microsoft’s investment in OpenAI and continues the trend of tech companies investing in AI.
Anthropic, like OpenAI, is focused on the development of generative AI technology. Specifically, the company will continue exploring sophisticated computer programs that can write scripts and create art in seconds. The company was formed in 2021 by a group of researchers who left OpenAI due to reported disagreements over the company’s direction.
The AI arms race has officially begun, and Google’s investment in Anthropic is just the latest move in the competition to dominate the field of AI. With Anthropic focused on the exploration of generative AI technology and Google providing the computing resources, it will be interesting to see the advancements that come from this partnership.