OpenAI's direct competitor receives 'huge' investment from Google

The startup representative said the commitment includes an upfront cash payment of $500 million and an additional $1.5 billion in investments in the near future.

Anthropic is the developer of Claude 2, a chatbot rival to OpenAI's ChatGPT, which is used by companies like Slack, Notion, and Quora.

In addition to Google, the potential start-up founded in 2021 also received funding from Salesforce and Zoom. According to the valuation at the beginning of this year, this company was valued at 4.1 billion USD.

107306693 1695740177947 gettyimages 1690054729 porzycki anthropi230926 npo3u.jpeg — Anthropic owns an AI model called Claude that can process a volume of text equivalent to a book.

Claude 2 is capable of summarizing text of up to about 75,000 words, equivalent to the length of a book. Users can input input from large data files and ask the AI to summarize the content in the form of a memo, letter or story. Meanwhile, ChatGPT's processing capacity is about 3,000 words.

Research by Arthur AI, a machine learning monitoring platform, found that Claude 2 was the most reliable chatbot in terms of “self-awareness,” meaning it accurately assessed what it knew and didn’t know, and the system only answered questions it had training data to support.

Previously, in April 2023, Google invested $300 million to hold a 10% stake in Anthropic. Also that month, this start-up was one of four companies in the AI field invited by the White House to attend a meeting to discuss the development of responsible AI.

By May 2023, Anthropic had successfully raised $450 million, marking the largest funding round for an AI company since Microsoft invested in OpenAI, according to data from PitchBook.

Anthropic was founded by Dario Amodei, former Vice President of Research at OpenAI, and his sister, Daniela Amodei, Vice President of Policy and Safety at OpenAI. Several other former OpenAI research students are also part of the company's founding team.

Amodei shared in July 2023 that they focused on investing at least two months to develop the latest chatbot with a direct working department of 30 to 35 people and 150 staff supporting the model.

The AI market is growing so rapidly that there are plenty of opportunities for new players to succeed, Anthropic's leadership also said.

“This is a really unusual time from a business perspective because there is so much demand for language models that it exceeds what the industry as a whole can supply,” Amodei said at the time.

(According to CNBC)

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