Google To Invest $2B In Anthropic As AI Funding Wars Heat Up

It will be hard for any startup to catch when it comes to funding dollars, but it seems is willing to give it a go.

Previous investor has agreed to invest up to $2 billion in the competitor, per a late Friday. The deal includes $500 million upfront plus an additional $1.5 billion more over time, according to the report. No valuation was reported.

Earlier this month,聽聽reported the new round聽could value the company at between $20 billion and $30 billion.

The news comes just a month after Anthropic 鈥� a rival with its AI assistant Claude 鈥� inked a deal with for the e-commerce and cloud titan to invest up to $4 billion in the AI startup. In that deal, the immediate investment was reported as $1.25 billion, with either party having the right to trigger another $2.75 billion in funding, .

Big money

Of course, both deals still lag behind the massive $10 billion investment from into OpenAI back in January.

However, Anthropic has been doing its best to catch up. In February, it was reported that Google had invested between $300 million and $400 million in the startup. In May, the company raised a $450 million Series C led by . In August, Anthropic raised a $100 million round from .

The Amazon deal followed late last month.

The new deal with Google is yet another example of big tech鈥檚 insatiable appetite when it comes to generative AI. Microsoft, Google, Amazon, , 1聽and others have all invested billions of dollars in AI startups 鈥� either directly from the company or through their respective VC arms.

That is unlikely to stop anytime soon as the generative AI war continues to heat up.