Google invests $300 million in AI firm

As the threat of ChatGPT intensifies, Google struggles to keep up with the competition for its widely-used search engine. The company invested around $300 million in an AI startup, Anthropic, which is building its own general-purpose chatbot: a potential rival to ChatGPT named Claude.

With a 10% stake in the company, Google's investment in late 2022, can be seen as a step towards competing with its rivals, though it's not clear if Claude will be integrated into its services.

According to Financial Time, Google already has a number of experts developing AI language models, and the move could be motivated to build Google’s cloud computing business.

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Formed in 2021, the public benefit corporation was started by Dario Amodei, a former vice president of research at OpenAI who included a number of researchers from OpenAI.

Google is also holding an event next week on February 8 concerning the topic.