John Ruich
👤 SpeakerAppearances Over Time
Podcast Appearances
Anthropic just raised $65 billion in fresh funding from investors to develop and deploy its AI models.
And the company says that means it's worth $965 billion.
That figure is more than double its stated value after a funding round in February.
It also makes it bigger than OpenAI, the maker of ChatGPT, which at the end of March said it had a valuation of $852 billion.
Anthropic has been in the headlines recently after a clash with the Trump administration over how its AI models can be used by the military.
It also said in April it decided not to release a new model called Claude Mythos due to concerns that it could help hackers find software vulnerabilities.
But the Claude models it has on the market have been extremely popular.
It says the new investment will partly help expand computing power to meet growing demand.
The OpenAI Foundation is committing $250 million to understanding the coming changes and to support workers through the disruption.
It says the economic effects of AI will be widely felt, but it still has no good ways to answer fundamental questions about how AI is changing and will change the economy.
Part of the work will be to research how to distribute the economic gains from AI more broadly.
This pledge comes amid a wave of layoffs in the tech sector that are in part due to AI.
It also comes after a jury threw out a lawsuit alleging that OpenAI CEO Sam Altman and President Greg Brockman abandoned the nonprofit's mission of creating AI for the benefit of humanity.
At its annual developer conference this week, Google said it's making its iconic search box more dynamic so it can expand with longer searches.
Users can also put pictures or documents into it for new kinds of searches, and it's folding more AI into its search.
The company has put AI overviews on some searches for about a year, and it sees the integration of the two as the way forward.
Critics warn that AI answers could give consumers less choice, as AI prioritizes suggestions over web links.