Google is reportedly making a fresh investment of over $1 billion in AI startup Anthropic, increasing its stake in the company.
Anthropic is also set to secure another $2 billion in funding from Silicon Valley venture capital investors, expected to triple its valuation to about $60 billion.
Apart from Google, Anthropic has received up to $8 billion in investments from Amazon, with Amazon Web Services becoming its primary training partner.
Anthropic is competing with rivals OpenAI and Elon Musk's xAI, both of which raised over $10 billion last year.