Anthropic and Menlo Ventures launch $100 million AI fund to rival OpenAI
Share link:In this post: Anthropic and Menlo Ventures launched a $100M fund to support emerging AI startups. The Anthology Fund will back entrepreneurs that use Anthropic’s LLMs. Menlo will provide the cash to invest in the startups.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making a
Anthropic and Menlo Ventures launched a $100 million fund to support emerging AI startups. The Anthology Fund will back entrepreneurs who use Anthropic’s large language models (LLMs), the companies said on Wednesday. Menlo will provide the money to invest in the startups.
Also read: Anthropic CEO says cost to train AI to rise to $100B in three years
Anthropic said it will give startups $25,000 in credits to access its LLMs, but it won’t take an equity stake. The company will also reportedly provide coaching, quarterly meetings, and other resources. Anthropic and Menlo did not say how much each startup would get or how the $100 million would be distributed.
Anthropic, Menlo look to Apple’s iFund for inspiration
According to Daniela Amodei, co-founder and president of Anthropic, the Anthology Fund is targeting founders developing new ideas in things like AI infrastructure, healthcare, consumer products, and safety. In a statement , she said the startups must use AI “to enhance human capabilities and productivity”.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vitalik Buterin Addresses Claims of Selling Ether for Profits
Telegram financial statement shows it holds $400 million in crypto
What the California AI ‘killswitch’ bill means for decentralized AI
Nakamoto Games Launches New Card Game and Tap2Earn Platform