Google is investing $300 million in Anthropic to win the race for AI supremacy.

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19:06 | 8 February 2023

Google is investing $300 million in Anthropic to win the race for AI supremacy.

Last week news broke that AI startup and ChatGPT competitor Anthropic was raising a $300 million round.

On Feb. 3, it became known that the investor would be none other than tech titan Google – not willing to stand by and let Microsoft win the battle for AI supremacy.

This isn’t the first time Google and its parent company Alphabet have been involved in AI. In 2015, Alphabet bought DeepMind, a London-based AI startup founded in 2010.

2023 is an all-out war on AI.

In late January, Microsoft finally confirmed that it had agreed to a “multi-year, multi-billion dollar investment” in OpenAI, the startup behind artificial intelligence tools ChatGPT and DALL-E, for $10 billion.

In recent years, AI funding has accounted for about 10 percent of all venture capital funding. In 2022, when venture capital funding slowed, AI thrived, reaching the second-largest funding in history.

A new round of Anthropic could bring the company’s total valuation to $5 billion, The New York Times reports. The startup raised $704 million in Series A and Series B funding in 2022.

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