Google invested $300 Million in AI Firm
Posted On February 4, 2023
Google struggles to stay up with the competition for its widely used search engine as the threat from ChatGPT grows. The business spent almost $300 million in Anthropic, an AI startup developing its own Claude general-purpose chatbot that might compete with ChatGPT.
Although it’s unclear whether Claude will be integrated into its services, Google’s investment in late 2022, with a 10% ownership in the company, can be considered as a step towards competing with its rivals.
Financial Time reports that Google already has a lot of professionals working on AI language models, and the decision may have been made to expand Google’s cloud computing division.
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