Google Invests Another $1 Billion in AI Developer Anthropic 10
Alphabet's Google is backing AI developer Anthropic with a further $1 billion, building its stake in one of the most promising rivals to OpenAI. From a report: The new funding comes in addition to more than $2 billion that Google has already invested in Anthropic, according to a person familiar with the deal, who asked not to be named discussing a private matter. Google has a business agreement with Anthropic that covers the use of a suite of online tools and services.
Amazon counts among its biggest backers. San Francisco-based Anthropic is best known for its Claude family of large language models, which compete with OpenAI's GPT. Like its peers, the company has been raising significant sums to sustain investment in expanding its computing capabilities and keep pace in a race to advance AI. The new deal comes weeks after Bloomberg News reported that Anthropic is in advanced talks to raise $2 billion in a funding round led by Lightspeed Venture Partners that would value the startup at $60 billion.
Amazon counts among its biggest backers. San Francisco-based Anthropic is best known for its Claude family of large language models, which compete with OpenAI's GPT. Like its peers, the company has been raising significant sums to sustain investment in expanding its computing capabilities and keep pace in a race to advance AI. The new deal comes weeks after Bloomberg News reported that Anthropic is in advanced talks to raise $2 billion in a funding round led by Lightspeed Venture Partners that would value the startup at $60 billion.
Investing (Score:1)
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Billion dollars here, billion dollars there, pretty soon you'll be talking real money.
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The quote, ostensibly from Everett Dirksen, is:
A billion here, a billion there, pretty soon, you're talking real money.
Pepsi (Score:2)
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For coders, Claude 3,5 Sonnet is where it's at. The vast majority of people using Cursor choose it (in agent mode) as their model.
Love seeing Anthropic get more funding. OpenAI gets all the headlines and makes a lot of flashy stuff, but Anthropic delivers the goods.
Generative AI - Is it good for anything? (Score:1)
I'm not the only one who thinks LLM is crap. Gartner also doesn't think it will be profitable:
https://www.theregister.com/2025/01/22/business_value_genai_elusive/
This kind of $ Billion expenditures are not sustainable and there will be a stock market correction.
Probably sooner.
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They can all be profitable at will today if they just stop training new foundations. Inference is quite profitable.
They, obviously, don't want to because they're not interested in a piece of today's pie, but fighting over who gets the biggest chunk of what they expect to be a far bigger pie in the future.
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Bullshit. But useful idiots like you are a part of what keeps the hype going. And continues the waste of money.
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Gartner finally being honest about this question is a milestone on the way to the end of this insanity.
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Gartner finally being honest about this question is a milestone on the way to the end of this insanity.
Gonna be a *LONG* tail on this beast though. There's a whole sub-business already around pushing this shit into every facet of IT work, and making up pithy catch-phrases about how you either jump on board or you'll get run over, or the only jobs left will be those who "interface" with the AI, or all kinds of other nonsense about how important it is to buy hard into the hype. And management types seem to swoon over this shit. I'm not sure, even if the actuality collapses, the fantasy will leave us for a good