Google invested $300 Million in AI Firm
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.