Google has made a significant investment in the artificial intelligence (AI) company Anthropic, a direct competitor of OpenAI. This move by Google is part of its efforts to compete with Microsoft and other Big Tech companies in integrating AI into their applications. According to Reuters, Google has invested an initial amount of $500 million in Anthropic, with an additional $1.5 billion to be invested over time.
Anthropic is the developer of Claude 2, a chatbot that competes with OpenAI’s ChatGPT. The chatbot is already being utilized by companies such as Slack, Notion, and Quora, as reported by CNBC.
This new investment is not the first collaboration between Google and Anthropic. In a previous deal, Google took a 10% stake in the startup and provided financial support when the company was acquiring computing resources from Google’s cloud computing division, as reported by the Financial Times.
Interestingly, Amazon has also shown interest in Anthropic and announced last month that it would invest up to $4 billion in the AI company. The New York Times reported that Amazon’s investment will help Anthropic establish a stronger presence in AI development, competing directly with Microsoft and Google.
Amazon CEO Andy Jassy mentioned during an earnings call that AI represents a lucrative opportunity worth “tens of billions” for their cloud business, Amazon Web Services.
When it comes to investments in AI, Google is leading the pack. According to insights reported by OpenExO, Google has invested a staggering $30.7 billion in AI. The company has been leveraging AI to enhance its search engine and various products, including Google Assistant.
On the other hand, Amazon has invested around $10 billion in AI, using it to improve its delivery services and voice assistant, Alexa. Microsoft, a major player in the AI race, has invested $13 billion in OpenAI, using AI to enhance voice recognition and natural language processing.
Microsoft’s chairman and CEO, Satya Nadella, has expressed a commitment to infusing AI across every layer of their technology stack and driving productivity gains for their customers.
These investments by tech giants demonstrate the increasing importance of AI in shaping the future of technology. As companies race to harness the potential of AI, Google, Amazon, and Microsoft are at the forefront of this competition.
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