The AI contender to the apparent market leader finished a $2 million funding round and now has a $60 billion valuation.

The cash infusion comes on top of the $2 billion that Google has already provided to the artificial intelligence developer. Separately, Anthropic is said to be raising $2 billion from a group of institutional investors led by Lightspeed Venture Partners. The latter deal is expected to value the company at $60 billion.

Google has agreed to a new investment of more than $1 billion in generative AI startup Anthropic. TakeAway Points: Google has agreed to make a new investment of over $1 billion in the generative AI startup Anthropic,

Google has announced another $1 billion investment into Anthropic, bringing its total investment in the AI company to $3 billion. That’s still peanuts compared to Amazon’s total $8 billion investment in Anthropic.