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The
company has invested $500 million upfront into the OpenAI rival
and agreed to add $1.5 billion more over time, the spokesperson
said.
Google is already an investor in Anthropic, and the fresh
investment would underscore a ramp-up in its efforts to better
compete with Microsoft, a major backer of ChatGPT creator OpenAI,
as Big Tech companies race to infuse AI into their applications.
Amazon.com also said last month it would invest up to $4 billion
in Anthropic to compete with growing cloud rivals on AI.
In Amazon's quarterly report to the U.S. Securities and Exchange
Commission this week, the online retailer detailed it had
invested in a $1.25 billion note from Anthropic that can convert
to equity, while its ability to invest up to $2.75 billion in a
second note expires in the first quarter of 2024.
Google declined to comment, and Amazon did not immediately
respond to a Reuters request for comment.
The Wall Street Journal earlier reported the news of Google's
latest agreement with Anthropic.
The rising number of investments shows ongoing maneuvering by
cloud companies to secure ties with the AI startups that are
reshaping their industry.
Anthropic, which was co-founded by former OpenAI executives and
siblings Dario and Daniela Amodei, has shown efforts to secure
the resources and deep-pocketed backers needed to compete with
OpenAI and be leaders in the technology sector.
(Reporting by Krystal Hu in New York and Chavi Mehta in
Bengaluru; Additional reporting by Jeffrey Dastin; Editing by
Anil D'Silva, Devika Syamnath and Chris Reese)
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