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 new funding comes in addition to more than $2 billion that Google has already invested in Anthropic, according to a person familiar with the deal, who asked not to be named discussing a private matter. Google has a business agreement with Anthropic that covers the use of a suite of online tools and services. Amazon.com Inc. counts among its biggest backers.

Google’s additional investment, which the FT first reported, comes as OpenAI, Microsoft Corp. and Oracle Corp. team up on a $100 billion AI datacenter undertaking — dubbed the Stargate Project — in collaboration with SoftBank Group Corp. and other backers.

Source: FINANCE.YAHOO