- The tech giant Google (GOOGL) has invested $300M in the San Francisco-based AI startup, Anthropic. Before investing in the ChatGPT rival, Google parent Alphabet bought DeepMind in 2015, a London-based AI startup.
- Anthropic’s AI chatbot, Claude, will combat harmful prompts by explaining why they are threatening or fallacious. Moreover, the deal gives Google a 10% stake in the company, and Anthropic’s new round could bring the company’s total valuation to $5B. This news follows Microsoft’s decision to invest $10B in OpenAI, the ChatGPT and DALL-E creator.
Why it matters
In recent years, funding in the AI space has accounted for around 10% of all venture funding, as the sector is witnessing strong interest from investors.
