PYMNTS.com January 22, 2025
Google is reportedly investing more than $1 billion into artificial intelligence (AI) firm Anthropic.
The tech giant had already given Anthropic around $2 billion and is now upping its stake in the company as it races to bolster its AI offerings, the Financial Times (FT) reported Wednesday (Jan. 22), citing sources with knowledge of the matter.
As the FT points out, Google created the technology that makes AI models like Anthropic’s Claude possible. However, the company has struggled to commercialize its AI, making the Anthropic investment a way to help it compete with the likes of Amazon and Meta.
Sources say Anthropic was also on the verge of landing another $2 billion from a group of venture capital investors. This...
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