With a $2 billion pledge, Google is dramatically boosting its investment in Anthropic, the company behind Claude AI. A representative for Anthropic verified the investment, which was first reported by the Wall Street Journal and will be paid for in two installments of $500 million and $1.5 billion. Compared to Google’s earlier $400 million investment in Anthropic in February, this is a significant boost. Amazon, a massive player in e-commerce, also pledged to invest $4 billion in the business last month.
The recent development in the ongoing AI competition between Google, Microsoft, and Amazon is the large investment made by Google. Microsoft and the Australian government recently announced a $3.2 billion cooperation to construct data centres and train Australians in artificial intelligence.
As Amazon and Google concentrate on Anthropic, Microsoft is steadfast in its long-standing collaboration with OpenAI, the company behind ChatGPT. Microsoft’s free Edge browser now includes ChatGPT and OpenAI’s Dall-E. Google introduced Google Bard, a generative AI chatbot that generates text, audio, code, and visual material in response to cues, as a rival to ChatGPT in February.
Google recently announced the $20 million Digital Futures Project to assist ethical AI development, including overcoming bias and incorporating different perspectives in AI model training, in addition to its investments in AI firms. Brigitte Gosselink, Director of Product Impact at Google, underlined the value of teamwork when she said, “Getting AI right will take more than any one company alone.”