Google has decided to make a substantial investment of up to $2 billion in Anthropic, a startup specializing in artificial intelligence (AI). Anthropic is known for its development of Claude 2, a chatbot that rivals OpenAI’s ChatGPT and is utilized by various businesses such as Slack, Notion, and Quora.
Google’s investment strategy includes an immediate cash injection of $500 million, followed by a phased investment totalling $1.5 billion over an unspecified period, as disclosed by a representative from Anthropic. This financing plan was initially brought to public attention by The Wall Street Journal.
Anthropic has previously attracted investments from notable tech giants like Salesforce and Zoom, with an early 2023 valuation placing the company at $4.1 billion. The startup’s Claude 2 chatbot boasts the capacity to condense extensive data sets, up to 75,000 words in length, into concise summaries, letters, or stories — demonstrating a capability significantly surpassing that of ChatGPT’s 3,000-word limit. Arthur AI, a platform specializing in machine learning monitoring, recognized Claude 2 as the most self-aware chatbot, proficient in accurately assessing its knowledge boundaries and responding solely to queries within its training dataset. This analysis included comparisons with chatbots developed by Meta, Cohere, and OpenAI.
Back in April, Google made a strategic investment of $300 million in Anthropic, acquiring a 10% stake in the company. In the same month, Anthropic was among the select companies invited to a White House meeting to deliberate on responsible AI development, with Vice President Kamala Harris in attendance. Other attendees included tech giants like Alphabet (Google’s parent company), Microsoft, and OpenAI.
Following this, Anthropic secured an impressive $450 million in funding in May, marking a significant milestone as the largest funding round for an AI company since Microsoft’s investment in OpenAI earlier in the year, as per PitchBook’s records.
Founded by Dario Amodei, former vice president of research at OpenAI, and his sister Daniela Amodei, formerly OpenAI’s vice president of safety and policy in 2021, Anthropic has gathered a robust team of experts in the field, including several alumni from OpenAI. During a conversation with CNBC in July, Daniela Amodei disclosed that the development of their latest chatbot involved a dedicated effort spanning two months, with a team of 30 to 35 individuals directly contributing to the AI model, supported by a larger team of 150. She expressed optimism in the burgeoning market, emphasizing the ample opportunities for multiple entities to achieve success in the rapidly evolving domain of artificial intelligence.
A representative from Google has yet to respond to inquiries for comments.