Google Invests Additional $1 Billion in AI Startup Anthropic

 

Alphabet Inc.’s Google has invested an additional $1 billion in Anthropic, a leading AI startup and competitor to OpenAI. This investment brings Google’s total stake in Anthropic to around $3 billion.

Key Points:

  •  Previous Investment: Google invested $2 billion in Anthropic in 2023, including a $500 million cash infusion and an additional $1.5 billion over time.
  • Anthropic’s Valuation: The company is reportedly valued at approximately $60 billion.
  •  Annualized Revenue: Anthropic’s annualized revenue stands at around $875 million, driven by its business model of selling access to its advanced AI models.
  •  Competition in AI: Google’s investment in Anthropic highlights the escalating competition among tech giants to secure dominance in AI, with Microsoft-backed OpenAI being a major competitor.

AI-Powered Healthcare Advancements:

  •  Isomorphic Labs: Alphabet Inc.’s subsidiary, Isomorphic Labs, is set to begin clinical trials of its first AI-designed drug by the end of 2025.
  •  Partnerships: Isomorphic Labs has secured partnerships with Eli Lilly and Co. and Novartis AG for six drug development programs.
  •  AI-Driven Cancer Vaccine: Oracle Corp has unveiled plans for an AI-driven cancer vaccine system capable of delivering personalized treatments.

Source: Nairametrics

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