Google invests $300 million in Anthropic as race to compete with ChatGPT heats up

Check out all the on-demand sessions from the Intelligent Security Summit here. According to new reporting from the Financial Times, Google has invested $300 million in one of the most buzzy OpenAI rivals, Anthropic, whose recently-debuted generative AI model Claude is considered competitive with ChatGPT. According to the reporting, Google will take a stake of around 10%. The new funding will value the San Francisco-based company at around $5 billion. The news comes only a little over a week since Microsoft announced a reported $10 billion investment in OpenAI, and signals an increasingly-competitive Big Tech race in the generative AI space.