Google committed $2 Billion on Anthropic
Google committed to invest $2 Billion on AI Startup Anthropic, Cloud Deal Inked
Deal structured as a Convertible note, converting to equity in the next funding round.
Deal structured as a Convertible note, converting to equity in the next funding round.
This adds fuel to the race among startups in the emerging technology for profits.
Google also invested $550 million earlier this year in Anthropic.
The overnight success stories of ChatGPT is known to all.
Google is betting big on AI to catch up to Amazon and Microsoft.
Alphabet, the parent company of Google fell more than 10% after the sup-par sales growth in Q3 on Tuesday.
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