Google invests $300 million in Anthropic as race to compete with ChatGPT heats up

Check out all the Smart Security Summit on-demand sessions here.

According to a new report from the Financial Times, Google has invested $300 million in one of the hottest OpenAI competitors, Anthropic, whose recently launched generative AI model Claude is considered competitive with ChatGPT .

According to the report, Google will take a stake of around 10%. The new funding will value the San Francisco-based company at approximately $5 billion.

The news comes just over a week after Microsoft announced a $10 billion investment in OpenAI, and signals an increasingly competitive Big Tech race in the IT space. Generative AI.

Anthropic was founded in 2021 by several researchers who left OpenAI, and gained more attention last April when, after less than a year, it suddenly announced a whopping $580 million in funding. dollars. It turns out that most of that money came from Sam Bankman-Fried and the folks at FTX, the now bankrupt cryptocurrency platform accused of fraud. We wondered if this money could be recovered by a bankruptcy court.

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Anthropic - and FTX - have also been linked to the effective altruism movement, which former Google researcher Timnit Gebru recently called in a Wired opinion piece "a dangerous brand of security in the world." AI".

Anthropic's AI chatbot, Claude — currently available in closed beta via a Slack integration — reportedly looks similar to ChatGPT and even demonstrates improvements. Anthropic, which describes itself as "working to build reliable, interpretable and steerable AI systems", created Claude using a process called "constitutional AI", which he says is based on concepts such as beneficence, nonmaleficence and autonomy.

According to an Anthropic article detailing constitutional AI, the process involves a supervised learning phase and a reinforcement learning phase: "As a result, we are able to train a harmless but non-evasive AI assistant who responds to harmful requests by explaining his objections to them."

VentureBeat's mission is to be a digital marketplace for technical decision makers to learn about transformative enterprise technologies and transact business. Discover our Briefings.

Google invests $300 million in Anthropic as race to compete with ChatGPT heats up

Check out all the Smart Security Summit on-demand sessions here.

According to a new report from the Financial Times, Google has invested $300 million in one of the hottest OpenAI competitors, Anthropic, whose recently launched generative AI model Claude is considered competitive with ChatGPT .

According to the report, Google will take a stake of around 10%. The new funding will value the San Francisco-based company at approximately $5 billion.

The news comes just over a week after Microsoft announced a $10 billion investment in OpenAI, and signals an increasingly competitive Big Tech race in the IT space. Generative AI.

Anthropic was founded in 2021 by several researchers who left OpenAI, and gained more attention last April when, after less than a year, it suddenly announced a whopping $580 million in funding. dollars. It turns out that most of that money came from Sam Bankman-Fried and the folks at FTX, the now bankrupt cryptocurrency platform accused of fraud. We wondered if this money could be recovered by a bankruptcy court.

Event

On-Demand Smart Security Summit

Learn about the essential role of AI and ML in cybersecurity and industry-specific case studies. Watch the on-demand sessions today.

look here

Anthropic - and FTX - have also been linked to the effective altruism movement, which former Google researcher Timnit Gebru recently called in a Wired opinion piece "a dangerous brand of security in the world." AI".

Anthropic's AI chatbot, Claude — currently available in closed beta via a Slack integration — reportedly looks similar to ChatGPT and even demonstrates improvements. Anthropic, which describes itself as "working to build reliable, interpretable and steerable AI systems", created Claude using a process called "constitutional AI", which he says is based on concepts such as beneficence, nonmaleficence and autonomy.

According to an Anthropic article detailing constitutional AI, the process involves a supervised learning phase and a reinforcement learning phase: "As a result, we are able to train a harmless but non-evasive AI assistant who responds to harmful requests by explaining his objections to them."

VentureBeat's mission is to be a digital marketplace for technical decision makers to learn about transformative enterprise technologies and transact business. Discover our Briefings.

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