Google said to invest $300M in AI start-up Anthropic
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Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has reportedly invested $300M in artificial intelligence start-up Anthropic as it continues to boost its prowess in the technology.
The deal, first reported by the Financial Times, will give Google (GOOG) (GOOGL) a 10% stake in the Delaware-based company. It also requires Anthropic to buy computing resources from Google's (GOOG) (GOOGL) cloud unit, the news outlet added, citing three people familiar with the deal.

Anthropic has created a chatbot known as Claude that is similar to OpenAI's ChatGPT, however Claude has not been released publicly, the news outlet explained.
The investment was made by Google's (GOOG) (GOOGL) cloud division. Earlier this month, the company shuffled some of the leadership in its cloud division including its top U.S. sales executive.
Alphabet (GOOG) (GOOGL) shares fell 2.5% in mid-day trading after the tech giant reported weaker-than-expected results.
Google (GOOG) (GOOGL) is slated to hold an event next week to talk more about its work in artificial intelligence.