Alphabet Inc.’s
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-0.09%
GOOG,
-0.03%
Google on Friday said it will pump up to $2 billion into AI startup Anthropic, expanding on an investment in the company earlier this year. Google injected $500 million up front in Anthropic, a rival of OpenAI, and agreed to add $1.5 billion more over time, according to a report in the Wall Street Journal, citing people familiar with the matter. The investment comes on the heels of a separate deal by Amazon.com Inc.
AMZN,
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in September to invest up to $4 billion in Anthropic, which was founded by former OpenAI engineers in 2021 with the goal of developing rival generative-AI models. Google already invested $550 million in Anthropic earlier this year.
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