"Google is in early discussions to deepen its investment in Anthropic, Business Insider has learned. The new round of funding could value Anthropic at more than $350 billion, according to one source familiar with the matter. The potential new deal, which is still being negotiated and is in flux, could also take the form of a strategic investment where Google provides additionalcloud computing servicesto Anthropic, a convertible note, or a priced funding round early next year, according to sources familiar with the matter."
"The latest talks come as Anthropic and its main rival, OpenAI, maker of ChatGPT, are in a multitrillion-dollar race to dominate the models that power AI. At the same time, Big Tech companies are taking sides, with Amazon and Google backing Anthropic, while Microsoft and Nvidia have invested billions in OpenAI. Anthropic was founded in 2021 by former employees of OpenAI, and is best known for its Claude family of large language models."
Google is in early discussions to deepen its investment in Anthropic, and the funding could value Anthropic at more than $350 billion. The deal could be a strategic investment involving additional cloud computing services, a convertible note, or a priced funding round early next year. It is unclear how much Google would invest or whether other investors would join. Google previously invested more than $3 billion for a 14% stake. Anthropic raised $13 billion at a $138 billion valuation in September. OpenAI recently reached a $500 billion valuation. Big Tech firms are backing different rivals, and Anthropic has access to up to one million Google TPUs.
Read at Business Insider
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