Artificial Intelligence (AI) is increasingly being seen as a crucial ingredient for success in the business world. It’s no surprise that companies are pumping billions into AI-based tools and solutions.
Last month, Microsoft announced a multi-billion dollar investment in AI research firm OpenAI as a part of the third phase of the partnership.
And now, Google has invested around $400M (approximately €370M) in Anthropic, an AI safety and research company, developing a ChatGPT rival, reports Bloomberg. However, both companies declined to comment on the exact investment figures.
Anthropic also announced that it has selected Google Cloud as its preferred cloud provider to co-develop reliable and trustworthy AI systems.