OpenAI Competitor Anthropic Secures $750 Million Investment

Court documents obtained by The New York Times reveal a closer-than-expected relationship between Google and San Francisco-based AI startup Anthropic. The filings show Google currently holds a 14% stake in Anthropic and plans to invest a further $750 million this year through a convertible debt agreement. This brings Google's total investment in Anthropic to over $3 billion. Image caption: Image generated by AI, licensed through Midjourney.
Dexterity, a leading AI-powered robotics company, has announced a $95 million funding round, boosting its valuation to $1.65 billion. This significant investment highlights the growing interest in and potential of AI-driven automation in various industries.
At the recent Human [X] conference, Mike Krieger, Chief Product Officer at AI startup Anthropic, revealed the company has no plans to enter the hardware or consumer entertainment market. Instead, Anthropic is concentrating on developing general foundation models for enterprise use. As the developer of Claude AI, Anthropic, backed by Amazon and Google, aims to provide practical AI solutions across various industries. Krieger stated that Anthropic...