Also Read: Apple’s iPhone Dependence Remains, But Services, Wearables Offer Growth Potential: Analyst

Google invented the technology on which Anthropic’s Claude and OpenAI’s GPT4 models are built.

Anthropic was also on the verge of securing a further $2 billion from Silicon Valley venture capital investors in a deal likely to triple the start-up’s valuation to about $60 billion, Financial Times cites unnamed sources familiar with the deal.

Like Meta and Microsoft, OpenAI and Elon Musk’s xAI raised over $10 billion in 2024.

According to Financial Times, Anthropic’s revenue hit an annualized $1 billion in December, up roughly 10 times on a year earlier.

Prior reports indicated that OpenAI, worth $157 billion, will be restructuring its non-profit structure into a public benefit corporation in 2025 as developing large-scale language models requires substantial investments.

Also, in January, Microsoft launched its CoreAI division to streamline AI tools and build AI apps. The company committed $80 billion for AI-driven data centers.

Price Action: GOOGL stock is up 0.38% at $200.39 premarket at the last check on Wednesday.

Also Read:

• AWS, Robotics, Prime Video Ads Fuel Amazon Growth Potential: Analysts

Photo courtesy: Shutterstock