Google Invests $300 Million in AI Startup Anthropic

Google has invested about $300mn in artificial intelligence startup Anthropic, making it the latest tech giant to throw its money and computing power behind a new generation of companies trying to claim a place in the booming field of 'generative AI.' From the report: The terms of the deal, through which Google will take a stake of around 10 per cent, requires Anthropic to use the money to buy computing resources from the search company's cloud computing division, according to three people familiar with the arrangement. Google's move highlights the influence that a small number of Big Tech companies have assumed over other companies working on AI, which need access to cloud computing platforms to handle the giant AI models developed by groups such as Anthropic. The search company's investment also echoes the $1bn cash-for-computing investment that Microsoft made in OpenAI three years ago.

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