Google (GOOGL) is investing a further $1B into OpenAI competitor Anthropic, The Financial Times’ George Hammond, Madhumitda Murgia, and Arash Massoudi report. Google had already committed about $2B to Anthropic and is now increasing its stake in the group, according to four people with knowledge of the situation. Under outgoing commissioner Lina Khan, the FTC had targeted investments from Google and Amazon (AMZN) into Anthropic and Microsoft’s (MSFT) partnership with OpenAI, reviewing the impact of the deals on competition, but Khan stepping down in the coming weeks, the FT notes.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- IAC amends services agreement with Google
- AI Daily: Trump revokes Biden executive order on addressing AI risks
- TikTok Remains Unavailable on Google Play and Apple’s (AAPL) App Store
- TikTok comes back online in U.S., Schwab reports Q4 beat: Morning Buzz
- Meta courting TikTok creators with cash bonuses, The Information reports