Google has committed to a new $1 billion investment in generative AI startup Anthropic, following its previous $2 billion investment and 10% ownership in the company. Known for its Claude AI chatbot, Anthropic is also in late-stage talks to raise $2 billion at a $60 billion valuation led by Lightspeed Venture Partners. Anthropic’s revenue is primarily from enterprise sales and hit an annualized $1 billion in December, reflecting a tenfold year-over-year growth. The generative AI market will exceed $1 trillion in revenue within a decade. Amazon has invested $8 billion in Anthropic and established Amazon Web Services as its primary cloud partner for training AI models.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Google is committed to a new $1 billion investment in generative AI startup Anthropic
00:07following its previous $2 billion investment in 10% ownership in the company.
00:11Known for its Claude AI chatbot, Anthropic is also in late-stage talks to raise $2 billion
00:17and a $60 billion valuation led by Lightspeed Venture Partners. Anthropic's revenue is
00:23primarily from enterprise sales and it annualized $1 billion in December, reflecting a tenfold
00:28year-over-year growth. The generative AI market is projected to exceed $1 trillion in revenue
00:33within a decade. Amazon has invested $8 billion in Anthropic and established
00:38Amazon Web Services as its primary cloud partner for training AI models.