Google invests nearly $400 million in ChatGPT rival Anthropic: Report

Alphabet Inc’s Google has invested about $400 million in artificial intelligence startup Anthropic AI, which is testing a rival to OpenAI’s ChatGPT, according to a person familiar with the deal.

Allegedly, Google And Anthropic refrained from commenting on the investment, but separately announced a partnership in which Anthropic will use Google’s cloud computing services. The deal marks the latest tie-up between the tech giant and an AI startup in the form of Generative AI technology Which can heat up text and art in seconds.

“AI has moved from academic research to become one of the biggest drivers of technological change, creating new opportunities for growth and better services across all industries,” Google Cloud CEO Thomas Kurian said in a statement.

“Google Cloud is providing open infrastructure for the next generation of AI startups, and our partnership with Anthropic is a great example of how we can help users and businesses leverage the power of reliable and responsible AI,” Kurian said. How are you helping me?”

OpenAI Inc. founded in 2021 by former leaders of the anthropic AI released a limited trial of a new chatbot called Cloud in January to compete with OpenAI’s wildly popular ChatGPT.

Microsoft Corp. in Google-Anthropic partnership OpenAI The round follows a high-profile $10 billion investment by the $1 billion software giant that poured into AI startups in 2019, as well as another round in 2021.

Such alliances give more established companies such as Microsoft and Google access to some of the most popular and advanced AI systems. Startups like Anthropic, in turn, need funding and cloud-computing resources that tech giants like Google can provide. Announcing the deal, Google said its cloud division will lend computing power and advanced AI chips that Anthropic plans to use to train and deploy its future AI products.

Anthropic’s language model assistant, Cloud, has yet to be released to the public, but the startup said it planned to expand access to the chatbot “in the coming months.”

The deal underscores Google’s commitment to AI, particularly in the ways it can be expanded beyond the company’s core search business. “I’m excited by the AI-powered leaps we’re unveiling in search and beyond,” Alphabet CEO Sundar Pichai said Thursday. chatbot “in the coming weeks and months” and allow consumers to use such products “as a companion to discovery.”

Notably, Google’s investment in Anthropic was first reported by the Financial Times.

(with inputs from Bloomberg)

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