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