Google commits to investing $2 billion in AI startup Anthropic
By MYBRANDBOOK
Solidifying its relationship with the startup ecosystem, Google has committed to investing $2 billion in the artificial intelligence company Anthropic. The deal is structured as a convertible note, a type of debt that will convert to equity at the startup’s next funding round. This announcement follows another large convertible note investment into Anthropic from Amazon.com Inc. for up to $4 billion earlier this year.
With this financing, Alphabet Inc.’s Google invested $500 million with a commitment to add $1.5 billion more in the future. The investment is in addition to the $550 million Google put into Anthropic earlier this year.
Before the financing, Google also signed a major cloud agreement with Anthropic, according to some reports.
“The cloud deal, in which Anthropic will use Google’s suite of computing services, was even larger than the latest investment, and will stretch over multiple years,” the person familiar with the matter said.
For both Google and Amazon, investments in startups like Anthropic are a way to cement relationships with the companies shaping the next wave of AI. This is also seen as a way to nudge these startups to use their proprietary cloud tools. If AI grows to become ubiquitous, as some experts predict, it will require vast computing resources. That means AI companies will be lucrative cloud customers in the future.
According to sources, Anthropic runs primarily on a combination of its own servers and computing power rented from Google Cloud Platform. Google, which had already invested millions in Anthropic, was reluctant to commit the kind of sum Amazon ended up investing.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Delivering Critical Business Communication Solutions to Enterp
Arya Omnitalk and Syntel’s comprehensive suite of solutions and more than
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
VVDN TECHNOLOGIES
BEETEL TELETECH LTD.
SAMRIDDHI AUTOMATIONS PVT. LTD.
HP INDIA SALES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Puneet Chandok
Puneet Chandok is President, Microsoft India & South Asia and is respo...
Icons Of India : Anil Agarwal
Anil Agarwal, the Founder and Chairman of Vedanta Resources Ltd., is r...
Icons Of India : Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla recently made a comeb...
PARTNER SPEAKERS
PSU
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
HPCL - Hindustan Petroleum Corporation Ltd.
HPCL is an integrated oil and gas company involved in refining, market...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - NIKESH ARORA, Chairman CEO - Palo Alto Networks
Nikesh Arora, the Chairman and CEO of Palo Alto Networks, is steering ...
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
Indian Tech Talent Excelling The Tech World - NEAL MOHAN, CEO - Youtube
Neal Mohan, the CEO of YouTube, has a bold vision for the platform’s...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
