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Google agreed to speculate as much as $2 billion in Anthropic, the bogus intelligence startup founded by ex-OpenAI executives, CNBC has confirmed.
The commitment involves a $500 million upfront money infusion and a further $1.5 billion to be invested over time, an Anthropic spokesperson told CNBC. The Wall Street Journal reported earlier on the planned financing.
A Google spokesperson didn’t immediately reply to request for comment.
Anthropic is the developer of Claude 2, a rival chatbot to OpenAI’s ChatGPT that is utilized by corporations including Slack, Notion and Quora. The company was founded in 2021 and, along with Google, has received funding from Salesforce and Zoom and was valued earlier this 12 months at $4.1 billion.
Claude 2 has the power to summarize as much as about 75,000 words, which could possibly be the length of a book. Users can input large data sets and ask for summaries in the shape of a memo, letter or story. ChatGPT, in contrast, can handle about 3,000 words.
Research by Arthur AI, a machine learning monitoring platform, found Claude 2 to be most reliable chatbot by way of “self-awareness,” meaning accurately gauging what it does and doesn’t know, and answering only questions it had training data to support. Arthur AI tested chatbots from Meta, Cohere and OpenAI.
In April, Google invested $300 million in the corporate, taking a 10% stake. That same month, Anthropic was one in all 4 corporations invited to a gathering on the White House to debate responsible AI development with Vice President Kamala Harris. Google parent Alphabet, Microsoft and OpenAI were the others.
Anthropic quickly turned around and raised a $450 million round in May. At the time, it marked the most important funding round for an AI company since Microsoft’s investment in OpenAI in January, in line with PitchBook data.
Anthropic was founded by Dario Amodei, OpenAI’s former vp of research, and his sister, Daniela Amodei, who was OpenAI’s vp of safety and policy. Several other OpenAI research alumni were also on Anthropic’s founding team.
Amodei told CNBC in July that Anthropic invested at the least two months in developing its newest chatbot, with a team of 30 to 35 people working directly on the AI model and a complete of 150 people supporting it. She said the market is growing so rapidly that there is loads of room for multiple players to succeed.
“It’s a really unique time from a business perspective because there’s just a lot demand for giant language models and really more demand than the industry can currently provide,” Amodei said on the time. “The landscape is just very wide, and there is really quite loads of room for many various users and varieties of users to utilize these systems.”
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