Google increases investment in Anthropic by another $1 billion

Quick Summary:

AI group is closing in on a $60 billion valuation.

Anthropic, best known for its Claude family of AI models, is one of the leading start-ups in the new wave of generative AI companies building tools to generate text, images, and code in response to user prompts.

The Alphabet-owned search behemoth had already committed about $2 billion to Anthropic and was now increasing its stake in the group, according to four people with knowledge of the situation.

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Author / Journalist: George Hammond, Madhumita Murgia, and Arash Massoudi, Financial Times

Category: Technology

Markets: United States

Topics: Syndication Anthropic AI Google LLMs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 14:19:39 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 99 words

Reading Time: 1 minutes read

Sentences: 27 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 25343532

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