EA - Google invests $300mn in artificial intelligence start-up Anthropic | FT by 𝕮𝖎𝖓𝖊𝖗𝖆

Link to original articleWelcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Google invests $300mn in artificial intelligence start-up Anthropic | FT, published by 𝕮𝖎𝖓𝖊𝖗𝖆 on February 3, 2023 on The Effective Altruism Forum.The terms of the deal, through which Google will take a stake of about 10 per cent, requires Anthropic to use the money to buy computing resources from the search company’s cloud computing division, said three people familiar with the arrangement.While Microsoft has sought to integrate OpenAI’s technology into many of its own services, Google’s relationship with Anthropic is limited to acting as the company’s tech supplier in what has become an AI arm’s race, according to people familiar with the arrangement."Anthropic has developed an intelligent chatbot called Claude, rivalling OpenAI’s ChatGPT, though it has not yet been released publicly.""The start-up had raised more than $700mn before Google’s investment, which was made in late 2022 but has not previously been reported. The company’s biggest investor is Alameda Research, the crypto hedge fund of FTX founder Sam Bankman-Fried, which put in $500mn before filing for bankruptcy last year. FTX’s bankruptcy estate has flagged Anthropic as an asset that may help creditors with recoveries.""Google’s investment was made by its cloud division, run by former Oracle executive Thomas Kurian. Bringing Anthropic’s data-intensive computing work to Google’s data centres is part of an effort to catch up with the lead Microsoft has taken in the fast-growing AI market thanks to its work with OpenAI. Google’s cloud division is also working with other start-ups such as Cohere and C3 to try to secure a bigger foothold in AI."Thanks for listening. To help us out with The Nonlinear Library or to learn more, please visit nonlinear.org.