Anthropic, an artificial intelligence company in which Sam Bankman-Fried owns a stake, receives funding from Google
Just days after Microsoft unveiled a new multi-year, multi-billion dollar investment in OpenAI, the maker of ChatGPT, Google has unveiled a $300 million investment in AI startup Anthropic.
Battle for supremacy over artificial intelligence
Google and Microsoft are still fighting for control of the future of artificial intelligence in technology. Google may have turned to the unnoticed Anthropic, a startup started by former OpenAI employees. Microsoft is strongly involved with the company that created ChatGPT.
The Financial Times reported that Google invested $300 million in the business in late 2022, though the news was private at the time. According to FT, Google received a 10% stake in the industry for the money, and Anthropic is obliged to buy cloud computing services from the search engine giant.
This dynamic and collaboration between Microsoft and OpenAI can be compared. There, Microsoft is contributing billions of dollars in investment and access to its massive cloud platform, which is essential to training the latest computing-driven AI models. OpenAI offers research expertise.
The software is the result of Microsoft’s $1 billion investment in OpenAI three years ago. Microsoft and OpenAI announced last month that they are expanding their collaboration with a “multi-year, multi-billion dollar investment” by the software giant.
Anthropic also created Claude, a potential competitor to ChatGPT
Microsoft is working to integrate ChatGPT into its services, and it needs to be made clear if Google intends to do the same with Claude. FT claims one of the reasons for the deal was to expand Google’s cloud computing business since the company already has a wealth of in-house experience developing AI language systems.
Sam Bankman Fried, the founder of FTX, and his hedge fund Alameda Research, which lost $500 million before bankruptcy last year, are the main investors in the company. Anthropic has been identified as an asset by the FTX bankruptcy estate that could help recover debts to creditors.
An anthropic foundation background is also essential. OpenAI’s former vice president of research, Dario Amodei, founded the organization as a public benefit company in 2021. Tom Brown, lead developer of the GPT-3 artificial intelligence language model, was among the researchers Amodei brought with him from OpenAI. Amoudi has left OpenAI
Since its launch in the latter part of last year, Microsoft’s ChatGPT has garnered most of the attention in the industry due to its discovery capabilities in content creation.