Alphabet's bet on Anthropic makes hundreds of billions: the value of the shares soared to about $124 billion Alphabet's bet on the artificial intelligence start-up Anthropic has now swelled into a mountain

Alphabet's bet on Anthropic makes hundreds of billions: the value of the shares soared to about $124 billion Alphabet's bet on the artificial intelligence startup Anthropic has now swelled into a mountain. Documents disclosed on Thursday showed that as of June 30, the total value of Alphabet’s investments in a group of unnamed private companies was approximately US$124.3 billion, and this door of value was almost entirely opened by its holdings in Anthropic – the portion of which belongs to Anthropic has soared to approximately US$124 billion, becoming one of the most successful investments in Alphabet’s history. Behind this string of numbers is the intricate capital and computing power link between the two AI giants. Anthropic As the most promising large model challenger besides OpenAI, its Claude series has been catching up all the way, and Alphabet is both its sponsor and the cloud computing power provider behind it. The seeds sown at the beginning have grown wildly in the generative AI craze, and now the paper net worth alone has approached US$124 billion. Google’s parent company used its own account book to write a footnote to the rewards of this AI arms race. via AI News (author: AI Base)