Google has promised investments worth $2 billion (1.9 billion euros) to Anthropic, an artificial intelligence company. This relates to a loan that will later be converted into shares in the company.
More big tech companies think Anthropic, which is working on the chatbot Claude, has a great future. The company had previously raised $4 billion from Amazon.
Big tech companies like Google and Meta, the parent company of Facebook, are developing AI-powered chatbots that will compete with ChatGPT. OpenAI’s AI software caused buzz last year due to its advanced capabilities.
Established technology companies are also investing in AI startups to maintain relationships with technology developers that are expected to play a major role in the future. Additionally, these AI companies may be good customers for cloud software offered by the same technology groups.
According to financial news agency Bloomberg, which relies on information from insiders, Anthropic is aiming for a valuation of between $20 billion and $30 billion in discussions with investors. Earlier this year, the startup was valued at $5 billion, according to data from market research firm Pitchbook.
The company is not without controversy. Recently, Universal Music Group, which represents stars like Taylor Sift and Billie Eilish, announced a lawsuit because Anthropic would illegally copy song lyrics.
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