Investing.com– Google (NASDAQ:GOOGL) has invested an additional $1 billion into Anthropic, a leading AI start-up, the Financial Times reported on Wednesday citing sources familiar with the matter.
The move strengthens Alphabet-owned (NASDAQ:GOOG) Google’s position in the AI race as it continues to challenge competitors like Microsoft Corporation (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), and Meta Platforms Inc (NASDAQ:META), the report stated.
This new investment builds on the $2 billion Google had already committed to Anthropic, which is best known for its Claude family of AI models.
The investment is part of Google’s broader effort to diversify its artificial intelligence business and capitalize on its early role in developing AI technologies. Despite pioneering the foundational technology for models like Claude and OpenAI’s GPT-4, Google has faced challenges in commercializing these advancements, the FT report stated.
