Alphabet wants to invest $2 billion in AI start-up Anthropic

Google parent company Alphabet wants to invest $2 billion in AI start-up Anthropic. That company makes a competitor to OpenAI’s ChatGPT. Alphabet previously invested $300 million in the company.

Alphabet has promised Anthropic to invest $500 million in the start-up at once, and to invest the remaining $1.5 billion into the company over time. Both wrote that Bloomberg as The Wall Street Journal based on insiders and has an Anthropic spokesperson later to CNBC confirmed. However, the exact conditions attached to this investment are not stated.

Anthropic was founded in 2021 by former high-ranking OpenAI employees. Since then, the start-up has been working on multiple AI services. For example, it has already released the AI ​​chatbot Claude 2, and according to company documents which TechCrunch has seen working on a ‘groundbreaking model’, Claude-Next, that should perform ten times better than the most powerful AI of the moment. The company reportedly wants to spend a billion dollars on this within a year and a half.

Alphabet previously announced that it had invested $300 million in the company for ten percent of the shares. Last month came Amazon already promising to invest $1.25 billion in Anthropic in exchange for a minority stake, with the option to gradually increase the investment to a total of $4 billion.