Google Commits $2 Billion in Funding to AI Startup Anthropic
Google Commits $2 Billion in Funding to AI Startup Anthropic
3 AI tools you can use now for your business
How Companies Go About AI
Google Commits $2 Billion in Funding to AI Startup Anthropic
Google move follows Amazon investment as tech giants place bigger bets on startups racing to develop artificial intelligence
Google agreed to invest up to $2 billion in Anthropic, building on its earlier investment in the artificial-intelligence company and adding fuel to the race between startups trying to achieve the next big breakthrough in the emerging technology.
Google invested $500 million upfront into the OpenAI rival and agreed to add $1.5 billion more over time, people familiar with the matter said. The investment follows a separate commitment Amazon made last month to invest $4 billion in the company, which was founded by former OpenAI engineers in 2021 with the goal of developing rival generative AI models.
Google, owned by parent company Alphabet, already invested $550 million in Anthropic earlier this year.
Google’s new deal, which hasn’t previously been reported, is the latest one that technology giants have struck with artificial intelligence businesses, which need billions of dollars to train more advanced versions of their AI systems. It reflects the excitement among tech giants to align themselves with promising startups trying to seize upon the overnight success of ChatGPT and develop their own AI-powered audio, text and image technology….
by Berber Jin, Wall Street Journal
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How Companies Go About AI
80% of S&P 500 companies are experimenting with ChatGPT according to Forbes Magazine. What they are getting is greater efficiency and more work done. Each employee or business leader can get much more done in less time on their job. So much so that many employees are using ChatGPT AI without telling their bosses. A survey by Fishbowl, a professional social network 43% of respondents said that they used AI to do their work — and 68% of the 43% said that they hadn’t told their bosses that they were doing so. It would be a shame to let that enthusiasm go to waste!
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Cheers! SBalley Team