Odaily Planet Daily reports that two sources familiar with the matter revealed that earlier this year, Meta internally projected it could invest up to $10 billion annually in Anthropic’s AI models. This funding would constitute a significant portion of Anthropic’s annual revenue, as Anthropic had estimated in July that its yearly revenue would exceed $65 billion. (The New York Times)
Meta reportedly considering a $10 billion annual investment in Anthropic AI models
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Summary
AI and crypto news outlets report that Meta is considering a $10 billion annual investment in Anthropic’s AI models for 2024. Two sources told Odaily that this funding could constitute a significant portion of Anthropic’s revenue, which the company projected to exceed $6.5 billion in July. The news of the project funding underscores the rising financial stakes in AI development.
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