AI Startup Anthropic Bags $100M From South Korean Telecom Giant Amid Sector's Rise
Portfolio Pulse from AJ Fabino
AI startup Anthropic has secured a $100 million investment from South Korean telecommunications company, SK Telecom Co Ltd (NYSE:SKM). The investment comes three months after Anthropic’s Series C funding round which raised $450 million. SK Telecom plans to partner with Anthropic to develop a multilingual large language model for international telecommunications corporations. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) also invested $300 million in Anthropic to secure a 10% stake.
August 14, 2023 | 4:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alphabet Inc's $300M investment in Anthropic to secure a 10% stake underscores its commitment to remain a frontrunner in the AI race.
Alphabet's investment in Anthropic is a strategic move to strengthen its position in the AI industry. This could potentially boost its market position and stock value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
SK Telecom's $100M investment in Anthropic signals its strategic move into AI and international telecommunications.
SK Telecom's investment in Anthropic is a strategic move to expand its AI capabilities and reach in international telecommunications. This could potentially boost its market position and stock value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80