Google Agrees to Invest up to $2 Billion in OpenAI Rival Anthropic

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Google has agreed to invest up to $2 billion in artificial intelligence startup Anthropic, underscoring its bid to compete against Microsoft-backed OpenAI. This includes a $500 million upfront investment and an additional $1.5 billion over time. Amazon also plans to invest up to $4 billion in Anthropic to compete with its AI-focused cloud rivals. These investments highlight the competitive race among tech companies to integrate AI into their applications.

Read More: https://www.reuters.com/technology/google-agrees-invest-up-2-bln-openai-rival-anthropic-wsj-2023-10-27/

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