Earlier quoted context omitted.
25% ;)
No, Google's market cap is $4.1T, over 10 times $350B.
They mean Anthropic secondaries are trading at more than a trillion (allegedly)
Google plans to invest up to $40B in Anthropic
441–450 of 868 posts
Re: Google plans to invest up to $40B in Anthropic
#442Earlier quoted context omitted.
In another context I might see it as vendor financing. However given that Google and Anthropic are competitors in this segment and given that Google has previously invested in them I'd rather see this as a sort of bartered stock purchase presumably for the purpose of hedging against failure. If Anthropic wins the race and it turns out to be winner takes all and you happen to own half of Anthropic then you still win h…
How can there be a "winner takes it all" situation with AI? OpenAI lead the game while they were best. Antrophic followed and got better. Now openAI is catching up again and also google with gemini(?) ... and the open weight models are 2 years behind. Any win here seems only temporary. Even if a new breakthrough to a strong AI happen somehow.
I guess if you build the first AI that can autonomously self improve, then nobody can catch up anymore.
Re: Google plans to invest up to $40B in Anthropic
#443It feels like Anthropic is everybody's insurance policy against someone else winning the AI race. So you have Amazon, Google, Microsoft basically every major tech company pushing their own tech hard but simultaneously ensuring they have a survival level stake in Anthropic if they can't build or acquire their way to stay at frontier level performance themselves.
I find it interesting that Anthropic is in this position and not OpenAI. Where did OpenAI go wrong? Lack of focus and overambitious in some of their spending commitments?
Isn’t the only thing OpenAI did was: throwing a half baked model out for the public to go ham on? I was at Google when they did this and we already had working LLMs internally, they just weren’t good enough to release without PR backlash. I don’t see why such a pithy “advantage” should have led to anything other than a moment in the spotlight? The “we have no moat and neither does OpenAI” essay was published very shortly afterwards.
If anything you ought to expect them to be behind, since they took the position of making all the mistakes first so others (who already had the same or better tech) didn’t have to.
Re: Google plans to invest up to $40B in Anthropic
#444Earlier quoted context omitted.
AI is truly perfect for internal tooling. Security is less or no concern, bugs are more acceptable, performance / scalability rarely a concern. Quickest way to get things done, and speed up production development, MVP development etc.
This comment makes me want to scream.
This is what happens when entire industries go all in on "Move fast and break things." Imagine what they said about software applying to everything else in the world. That's what's coming.
> Security is less or no concern, bugs are more acceptable, performance / scalability rarely a concern. Quickest way to get things done
Re: Google plans to invest up to $40B in Anthropic
#445Earlier quoted context omitted.
> Do you really think companies have started spending millions on tokens and no one from finance has been involved? Oh, they were involved all right. They ran their analyses and realized that the increase in Acme Corp's share price from becoming "AI-enabled" will pay for the tokens several times over. For today. They plan to be retired before tomorrow.
That magic trick only works for publicly traded stocks. Most firms are not a google or a Microsoft - a firms cash balance can become a strategic weapon in the right environment. So wasting money is not a great idea. Lest we forget dividends. Moreover if you have a budget set re. Spend on tokens - you have rationing. Therefore the firm should be trying to get the most out of token spend. If you are wasting tokens on s…
No, it works for any VC-backed companies. Something like 60% of VC funding last year went to AI companies. VCs aren't going to give you a money unless you're building an agentic AI-native agent platform for agents.
Re: Google plans to invest up to $40B in Anthropic
#446Earlier quoted context omitted.
In another context I might see it as vendor financing. However given that Google and Anthropic are competitors in this segment and given that Google has previously invested in them I'd rather see this as a sort of bartered stock purchase presumably for the purpose of hedging against failure. If Anthropic wins the race and it turns out to be winner takes all and you happen to own half of Anthropic then you still win h…
How can there be a "winner takes it all" situation with AI? OpenAI lead the game while they were best. Antrophic followed and got better. Now openAI is catching up again and also google with gemini(?) ... and the open weight models are 2 years behind. Any win here seems only temporary. Even if a new breakthrough to a strong AI happen somehow.
Look at the "winner takes all" situation in web search. Of course other search engines exist, but the scale of the Google search operation allows it to do things that are uneconomical for smaller players.
Re: Google plans to invest up to $40B in Anthropic
#447Earlier quoted context omitted.
I have one that serves a few functions- Tracks certificates and licenses (you can export certs in any of the majorly requested formats), a dashboard that tells you when licenses and certs are close to expiring, a user count, a notification system for alerts (otherwise it's a mostly buried Teams channel most people miss), a Downtime Tracker that doesn't require people to input easily calculatable fields, a way for tea…
>> a dashboard that tells you when licenses and certs are close to expiring Or, Excel > Data > Sort > by the Date column. No dashboard needed, no app needed.
Why are you ignoring the fact that grabbing data from heterogeneous sources, combining it and presenting it is generally never a trivial task? This is exactly what LLMs are good for.
Re: Google plans to invest up to $40B in Anthropic
#448Earlier quoted context omitted.
Are you able to describe any of those internal tools in more detail? How important are they on average? (For example, at a prior job I spent a bit of time creating a slackbot command "/wtf acronym" which would query our company's giant glossary of acronyms and return the definition. It wasn't very popular (read: not very useful/important) but it saved myself some time at least looking things up (saving more time than…
It's almost always a CRUD app or dashboard that no one uses while being extremely overkill for their use case. edit: LOL called it, a bunch of useless garbage that no one really cares about but used to justify corporate jobs programs.
If it's useless that's a you problem. I've been building CRUDs that would have taken me a month to get perfectly right in the span of 4-5 days which save an enormous number of human tech support hours.
Re: Google plans to invest up to $40B in Anthropic
#449Earlier quoted context omitted.
It's almost always a CRUD app or dashboard that no one uses while being extremely overkill for their use case. edit: LOL called it, a bunch of useless garbage that no one really cares about but used to justify corporate jobs programs.
If it's useless that's a you problem. I've been building CRUDs that would have taken me a month to get perfectly right in the span of 4-5 days which save an enormous number of human tech support hours.
Sorry man but the software world is littered with CRUD apps, they are called CRUD apps for a reason. They're basically the mass assembled stamped L-bracket of the software world. CRUD apps have also had template generators for like 30 years now too.
Still useless in the sense that if you died tomorrow and your app was forgotten in a week the world will still carry on. As it should. Utterly useless in pushing humanity forward but completely competent at creating busy work that does not matter (much like 99% of CRUD apps and dashboards).
But sure yeah, the dashboard for your SMB is amazing.
Re: Google plans to invest up to $40B in Anthropic
#450Context: a few weeks ago, Anthropic signed a deal to buy "multiple gigawatts of next-generation TPU capacity" from Google and Broadcom [1]. There have been several previous deals, too. Some people call this sort of thing a "circular deal", but perhaps a better way to think of it is as a very large-scale version of vendor financing? The simple version of vendor financing is when a vendor gives a retailer time to pay f…
In another context I might see it as vendor financing. However given that Google and Anthropic are competitors in this segment and given that Google has previously invested in them I'd rather see this as a sort of bartered stock purchase presumably for the purpose of hedging against failure. If Anthropic wins the race and it turns out to be winner takes all and you happen to own half of Anthropic then you still win h…
I wonder if Google is that much a competitor. Sure, they tried to make an AI of their own.
But they also have access to an unimaginably large data set plus reach into people’s daily lives.
Seems more like partners for world domination.