AI startup, Anthropic’s first investor is SBF before Google and Amazon were investing in it Anthropic is all set to compete with open AI
SBF: 1st Backer of AI startup Anthropic Before Google
Have you ever wondered how AI is changing the world around us? Let’s take a fascinating journey into the realm of Anthropic, an AI-based company that’s making waves with the support of tech giants like Google and Amazon and Microsoft.
Anthropic’s Birth and Journey
Two siblings from San Francisco, Dario and Daniela Amodei, decided to create something extraordinary. These two visionaries co-founded Anthropic. What makes their story intriguing is that they used to work at OpenAI, a renowned AI research lab. But they left OpenAI in 2021 due to disagreements with the CEO, Sam Altman, about AI safety. This departure was a pivotal moment in the world of AI.
Who all are with Anthropic?
Let us take you to Anthropic Collaboration one by one.
Google’s Big Bet
They know the importance of investing in AI and so they invested in GBard. But they needed a platform to compete head-to-head with OpenAI’s biggest success, ChatGPT. Google put $2 billion into Anthropic. This investment came on top of an earlier commitment of $550 million. Google Cloud even secured a deal with Anthropic valued at over $3 billion. Google wants Anthropic to be their ally in this AI race.
Amazon Joins the Fray
In September, Amazon decided to dive into the AI action by investing a whopping $4 billion in Anthropic. This massive investment underlines the fierce competition in the AI sector. Major tech players are eager to be part of the AI revolution, and Anthropic is at the forefront of this wave. Microsoft has been the main backer of OpenAI, providing over $13 billion in funding since 2019. Anthropic is seen as a rival to OpenAI, and with Google, Amazon, and investments. Amazon is competing with Microsoft investment for AI.
FTX’s Hopeful Backing
Before Google and Amazon’s investments, Anthropic’s primary backer was Sam Bankman-Fried (SBF), the well-known, former CEO of FTX. In April 2022, SBF invested around $530 million in Anthropic. This investment gains significance because it happened just months before FTX, the cryptocurrency exchange co-founded by SBF. It faced a major collapse. The growing valuation of Anthropic has given hope to FTX creditors, suggesting that there’s a ray of hope for investors. They may get compensated from the bankruptcy case. It’s like SBF had a crystal ball, predicting the AI boom after the crypto world.
What’s Anthropic doing with all this investment? They’re channeling it into developing and training their AI systems, with a particular focus on their AI assistant, Claude. The goal? To make groundbreaking advancements in AI. The AI industry has been booming with innovation, and Anthropic wants to lead the way
This incredible journey is part of a larger trend in the tech world. Tech giants are pouring massive resources into AI development. OpenAI’s ChatGPT, for example, gained over 100 million users within just two months of its launch in November 2022. This astounding success attracted the attention of venture capital firms, fueling even more interest and investments in AI
The rapid growth and investment in AI are signs of its transformative potential. The race for AI supremacy is heating up, and it shows no signs of slowing down. As Anthropic and other companies strive to advance AI technology, they’re creating innovative solutions that will shape the future of various industries. AI is changing the world, and the journey is just beginning.
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