Login Dark

Google to Invest $2 Billion in AI Startup Anthropic (GOOGL) - Bloomberg

Author: Bloomberg

Source: https://www.bloomberg.com/news/articles/2023-10-27/google-to-invest-2-billion-in-ai-startup-anthropic-wsj-says

Image of Google to Invest $2 Billion in AI Startup Anthropic (GOOGL) - Bloomberg

Skip to contentBloombergConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldFor CustomersSupportAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000CompanyCommunicationsFollowProductsIndustry ProductsMediaMedia ServicesCompanyCommunicationsFollowProductsIndustry ProductsMediaMedia ServicesBloombergConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldFor CustomersSupportAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000My InterestsSavedMy ContentNewslettersWatchlistSettingsAccountSubscriptionBillingHelp CenterSign OutSubscribeMarketsEconomicsIndustriesTechAIPoliticsWealthPursuitsOpinionBusinessweekEqualityGreenCityLabCryptoGoogle Bets $2 Billion on AI Startup Anthropic, Inks Cloud DealGoogle and Amazon investments are set up as convertible notesDeal follows massive cloud services agreement with GoogleAnthropic’s website.Photographer: Gabby Jones/BloombergOctober 27, 2023 at 3:57 PM EDTUpdated onOctober 27, 2023 at 8:27 PM EDTGoogle has committed to invest $2 billion in the artificial intelligence company Anthropic, solidifying its relationship with the startup darling and stoking the Silicon Valley frenzy for AI.The deal is structured as a convertible note, a type of debt that will convert to equity at the startup’s next funding round, an Anthropic spokesperson confirmed.The deal closely follows another large convertible note investment into Anthropic from Amazon.com Inc.for up to $4 billion earlier this year.Up NextGoogle Bets $2 Billion on AI Startup Anthropic, Inks Cloud Deal

Subscribe To Our NewsLetter