- Anthropic is negotiating a multibillion-dollar cloud deal with Google, which could accelerate the development of advanced AI models.
- Despite positive signals, Alphabet faces competitive pressure from OpenAI and its new ChatGPT Atlas browser.
- Anthropic is negotiating a multibillion-dollar cloud deal with Google, which could accelerate the development of advanced AI models.
- Despite positive signals, Alphabet faces competitive pressure from OpenAI and its new ChatGPT Atlas browser.
Alphabet’s shares are rising in pre-market trading following news that the artificial intelligence startup Anthropic is in advanced negotiations with Google regarding a potential multibillion-dollar cloud services deal. Under this agreement, Google Cloud would provide significant computing power to enable Anthropic to further develop and scale its advanced AI models.
Anthropic, best known for its AI assistant called Claude, which directly competes with OpenAI’s ChatGPT, has previously received substantial financial support from Google. This potential collaboration highlights the critical importance of cloud infrastructure in developing modern AI technologies and demonstrates Alphabet’s intention to strengthen its role as a key service provider for innovative companies in this field.
Although negotiations are ongoing and have not been officially confirmed, this partnership could bring significant financial benefits to Google Cloud and accelerate the development of AI solutions offered by Anthropic. It also signals that Alphabet is actively investing in strategic relationships that will help it effectively compete in the rapidly growing AI market.
It is worth noting, however, that Alphabet is also facing increasing competition in the AI sector. Yesterday, its stock price dropped by more than 2% after OpenAI announced its new AI-powered web browser, ChatGPT Atlas. This new browser offers features such as an AI assistant for online tasks and a memory function that improves search accuracy, directly competing with Google Chrome and potentially threatening Alphabet’s advertising revenues.
Source: xStation5
Despite these challenges, Alphabet’s shares have remained in a strong upward trend since the beginning of the year. The company is expected to release its quarterly report at the end of October, which investors are eagerly awaiting for further insights into the company’s prospects in the rapidly evolving technological environment.
Texas Instruments tumbles down after earnings, what went wrong?
US OPEN: Is the 'Meme Stock' Season Kicking Off?
Beyond Meat surges 80% in pre-market amid meme stocks optimism 📈
Markets react to UK CPI, as Barclays sets the bar for UK banks
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
