Google has given Anthropic more funding than | Investment News

Google has given Anthropic more funding than – Investment News

Anthropic, a San Francisco startup usually solid as an impartial participant within the AI race, has deeper ties to Google than beforehand recognized. Court paperwork lately obtained by The New York Times reveal that Google owns a 14% stake within the company and is set to pour one other $750 million into it this yr by a convertible debt deal. In complete, Google’s investment in Anthropic now exceeds $3 billion.

Despite having no voting rights, board seats, or direct control over the company, Google’s backing raises questions on how impartial Anthropic actually is. As AI startups more and more depend on funding from tech giants, regulators have scrutinized whether or not these offers give incumbents an unfair benefit, although the Justice Department simply dropped a proposal that will have pressured the sale of some of these stakes.

Google, which is developing its own tech whereas quietly funding opponents, is clearly hedging its bets. Meanwhile, with Amazon additionally funneling money into Anthropic — it has agreed to invest up to $8 billion to this point within the outfit — it’s natural to marvel what such ties imply for Anthropic and different huge AI startups. Are they nonetheless mavericks or changing into extensions of Big Tech?

Above: Anthropic co-founder and CEO Dario Amodei talking at Viva Technology in Paris.

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