Google Investing $300 Million on Artificial Intelligence

A $300 million investment has been made by Google in an AI company

Google has invested $300 million in Anthropic, a cutting-edge AI startup, to compete with its rivals and advance its cloud computing business. The company, which is building its own general-purpose chatbot named Claude, attracted Google’s attention because of its potential to compete with ChatGPT.

Google’s investment in late 2022, with a 10% ownership stake, demonstrates its commitment to the AI industry and its ambition to keep up with its competitors. It already has a team of AI experts and language model developers, but this move further solidifies its position.

Founded by Dario Amodei, a former vice president of research at OpenAI, Anthropic boasts a group of experienced researchers from OpenAI. The public benefit corporation was established in 2021 and has been making waves in the AI industry ever since.

On February 8th, Google will host an event to discuss this topic further, and it remains to be seen how the company will implement Claude. There is no doubt, however, that Google’s investment in Anthropic represents a significant step forward in its journey to become a leader in the field of artificial intelligence

Written by Aly Bukshi

The editorial staff at IPIN is a team of news publishing experts led by Aly Bakshi. We publish interesting and informative news/articles all over the world. Our aim is to provide readers with the latest and most up-to-date information possible.