Google has invested heavily in Anthropic, holding a 14% stake in the AI start-up, according to legal filings. This investment is part of Google’s broader strategy to maintain its competitive edge in the AI sector by investing in promising start-ups.
While Google’s ownership is capped at 15% and it has no voting rights or board influence, it continues to pour money into the company. In September, it plans to invest another $750 million through convertible debt, adding to its total investment of over $3 billion.
Anthropic, founded in 2021 by former OpenAI executives Dario and Daniela Amodei, positions itself as an AI safety-focused company.
Despite major investments from tech giants like Google and Amazon, which have collectively put in over $10 billion, Anthropic has structured itself to avoid being controlled by any single company.
Follow us (@artificialintelligenceee) for everything latest from the AI world.
#ai #google #anthropic #aistartup
While Google’s ownership is capped at 15% and it has no voting rights or board influence, it continues to pour money into the company. In September, it plans to invest another $750 million through convertible debt, adding to its total investment of over $3 billion.
Anthropic, founded in 2021 by former OpenAI executives Dario and Daniela Amodei, positions itself as an AI safety-focused company.
Despite major investments from tech giants like Google and Amazon, which have collectively put in over $10 billion, Anthropic has structured itself to avoid being controlled by any single company.
Follow us (@artificialintelligenceee) for everything latest from the AI world.
#ai #google #anthropic #aistartup
Google has invested heavily in Anthropic, holding a 14% stake in the AI start-up, according to legal filings. This investment is part of Google’s broader strategy to maintain its competitive edge in the AI sector by investing in promising start-ups.
While Google’s ownership is capped at 15% and it has no voting rights or board influence, it continues to pour money into the company. In September, it plans to invest another $750 million through convertible debt, adding to its total investment of over $3 billion.
Anthropic, founded in 2021 by former OpenAI executives Dario and Daniela Amodei, positions itself as an AI safety-focused company.
Despite major investments from tech giants like Google and Amazon, which have collectively put in over $10 billion, Anthropic has structured itself to avoid being controlled by any single company.
Follow us (👉@artificialintelligenceee) for everything latest from the AI world.
#ai #google #anthropic #aistartup
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