To win the artificial intelligence struggle, Google has not only developed its own technologies, but has also raised money to prominent AI businesses. And to maintain its competitive advantage, Google has maintained ownership shares in these newly established businesses.
The court documents recently received by the New York Times reveal Google’s share in one of these newly established businesses, anthropogenic, as well as how its investment in the young company is about to change.
Google holds 14 % of the anthropogenic, according to legal deposits that the AI ​​launch as part of a Google Antitrust case. But this investment gives Google little control of the company. The internet giant can only hold 15 % of the anthropogenic, according to deposits, and Google has no voting rights, there are no Board of Directors and no observers at startup.
However, Google is set to invest an additional $ 750 million in humanity in September through a loan known as convertible debt, according to deposits. Companies agreed to the convertible note in 2023. Overall, Google has invested more than $ 3 billion in AI.
Deposits offer a rare look at a Big Tech Company investment at an AI start. Such investments have been examined by regulators, who have questioned whether the agreements gave the establishment bodies an unfair advantage of the rapidly evolving and powerful technology. In addition to Google, Amazon and Microsoft have also invested in new AI businesses such as Anthropic and Openai, the Chatgpt Chatbot manufacturer.
“A large company like Google knows that there is a race for AI and has a fairly large bunch of cash that can bet on multiple horses,” said Chris V. Nicholson, an investor with business capital company Page One Ventures that focuses on AI technologies.
Anthropic deposits appeared in a Google Antitrust case in online search. In August, a federal court found that Google had been acting as a monopoly on the internet search, violating the law.
To correct the situation, the Ministry of Justice, which brought the case against Google, has suggested that the court force Silicon Valley to sell any AI products that could compete with the search. This could include Google’s share in Anthropic, which makes a chatbot called Claude that people could address search questions.
On Friday, the Ministry of Justice returned to this proposal, arguing that Google should be obliged to notify government officials only before investing in AI
Anthropic submitted the documents the Times saw before the Ministry of Justice changed the course. Deposits in the Public Bulletin contain holdings. Anthropic’s law firm has sent a non -remodeled copy of its files to the Times, which has supported more public access to the antitrust case.
In unpaid deposits, Anthropic said Google should not be forced to assign its share at the start. This “will hurt both the human and the competition in general”, depressing in the market value of the new company and to hinder its ability to raise funds, Anthropic’s lawyers wrote.
Tom Brown, a human co -founder, added that the start would “suffer serious damage” if Google was forced to disconnect their relationship, according to documents.
Google refused to comment on the financial terms of its humanoid. He said he had investing in shares in several companies to return and develop the market. The man refused to comment.
Anthropic was founded in 2021 by Dario Amodei and his sister Daniela Amodei, who had left Openai after disagreements on how his technologies funded and released through Microsoft. They have created anthropomorphic to build AI with protective security messages and formulate the company as a company of public benefits, which aims to create public and social good.
(Times has filed a lawsuit against Openai and Microsoft, accusing them of infringement of copyrights of the AI ​​-related news -related content.
Anthropic worked to ensure that he is not owned or dominated by a single technological giant, according to court deposits. Overall, the company has raised more than $ 14.8 billion from business capital companies such as Menlo Ventures.
In 2023, Google invested more than $ 2 billion in humanity. In the same year, Amazon invested $ 4 billion in humanity, followed by an additional $ 4 billion last year.
Today, Google’s investment in Anthropic is worth a “significant amount more” than the last round of starting funding, which closed this month, according to court deposits. Funding has been anthropoproli at $ 61.5 billion.
ANTHROPIC buys large amounts of computing power from Google and Amazon to build AI systems and has agreed to use brands and cloud computing services from some of the companies investing in it. This means effectively that some of the money they have raised are drawn back to its investors.
