Anthropic has reportedly raised around $1 billion from Google as the AI company looks to deliver a number of major product updates this year.

Google has decided to invest another billion into Anthropic, four sources told the Financial Times, bringing its total sunk cost to more than three billion dollars. Both companies have declined to comment.

The new tranche of money from Google into Anthropic adds to a total investment of $8 billion from Amazon, the ecommerce group’s largest-ever venture investment, announced over the past 18 months. Amazon is also working to embed the Claude models into the next-generation version of its Alexa speaker.

Google has agreed to a new investment of more than $1 billion in generative AI startup Anthropic. TakeAway Points: Google has agreed to make a new investment of over $1 billion in the generative AI startup Anthropic,

Google is making a fresh investment of more than $1 billion into AI startup Anthropic, the Financial Times reported on Wednesday.

Alphabet Inc.’s Google is backing artificial intelligence developer Anthropic with a further $1 billion, building its stake in one of the most promising rivals to OpenAI.

The cash infusion comes on top of the $2 billion that Google has already provided to the artificial intelligence developer. Separately, Anthropic is said to be raising $2 billion from a group of institutional investors led by Lightspeed Venture Partners. The latter deal is expected to value the company at $60 billion.

According to the Financial Times, Alphabet's Google (GOOG, GOOGL) is reportedly expanding its investment in artificial intelligence firm Anthropic with an additional $1 billion commitment. This latest investment would build upon Google's existing stake in the AI company,