Google to invest over $1 billion in OpenAI rival Anthropic

The investment signals Google’s commitment to staying competitive in the rapidly evolving AI industry.

Google, Anthropic, AI, investment

Google is making a significant new investment in AI by committing more than $1 billion to Anthropic, according to a report by the Financial Times. Anthropic, a competitor to OpenAI, focuses on developing advanced AI models and tools, positioning itself as a major player in the growing AI sector.

The investment underscores Google’s ongoing commitment to bolstering its AI capabilities in a highly competitive market. As the race to dominate AI innovation intensifies, tech giants like Google are increasingly supporting smaller firms that specialise in cutting-edge developments to stay ahead.

Anthropic, founded in 2021 by former OpenAI executives, has quickly gained recognition in the AI community. The company aims to create more reliable and interpretable AI systems. Google’s backing is expected to strengthen Anthropic’s research and development efforts, further establishing it as a prominent force in the AI landscape.