Anthropic is an artificial intelligence firm, and Alphabet’s Google has committed to invest up to $2 billion in it, according to a spokeswoman on Friday.
According to the spokeswoman, the business has committed to investing an additional $1.5 billion over time, having already put $500 million in the OpenAI competitor.
As Big Tech firms scramble to incorporate AI into their products, Google, which already invests in Anthropic, would be stepping up its efforts to better compete with Microsoft, a key sponsor of OpenAI, the company that created ChatGPT.
In order to compete with its expanding cloud competitors on AI, Amazon.com also announced last month that it will spend up to $4 billion in Anthropic.
The online retailer revealed that it has invested in a $1.25 billion note from Anthropic that can be converted to equity in its quarterly report to the U.S. Securities and Exchange Commission this week. Its ability to invest up to $2.75 billion in a second note expires in the first quarter of 2024.
In response to a Reuters request for comment, Google refused to comment and Amazon did not immediately react.
The announcement of Google’s most recent partnership with Anthropic was first published by The Wall Street Journal.
The increasing volume of investments demonstrates the continued scheming by cloud providers to establish connections with AI firms that are revolutionizing their sector.
Anthropic, which was co-founded by Dario and Daniela Amodei, brothers and former OpenAI executives, has shown attempts to get the funding and well-connected supporters required to rival OpenAI and be leaders in the technological industry.