Google invests $300 million in AI firm

Google invests in AI startup Anthropic which is building its own AI chatbot, Claude


Tech Desk February 04, 2023
Google

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.

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