Google invests nearly $400 million in ChatGPT rival Anthropic: Report

According to the report, the deal gives Google a stake in Anthropic, but doesn't require the startup to spend the funds buying cloud services from Google

Alphabet Inc.’s Google has invested almost $400 million in artificial intelligence startup Anthropic, which is testing a rival to OpenAI’s ChatGPT, according to a person familiar with the deal.
 

Google and Anthropic declined to comment on the investment, but separately announced a partnership in which Anthropic will use Google’s cloud computing services. The deal marks the latest alliance between a tech giant and an AI startup as the field of generative AI — technology that can generate text and art in seconds — heats up.

The deal gives Google a stake in Anthropic, but doesn’t require the startup to spend