Anthropic secures $100M funding from SK Telecom, supported by Google.

SK Telecom ‌Invests⁢ $100‌ Million in ⁢Anthropic​ to Boost AI Business

SEOUL ⁢(Reuters) – South Korea’s largest telco, SK⁣ Telecom, has announced⁢ a $100 million ⁣investment in Anthropic, a leading⁣ U.S. artificial intelligence firm. This move aims⁤ to strengthen SK Telecom’s telecommunications-driven AI business.

Anthropic, a ⁣startup competing with OpenAI in⁤ building​ AI foundation models, has already raised an impressive⁣ $450 million from investors, ‌including Google ⁤and Spark Capital.

SK Telecom and Anthropic plan‍ to collaborate⁣ on the⁣ development of a ‌global telecommunications-oriented multilingual large language model and an AI ⁤platform.

The⁤ exact size of SK ‍Telecom’s ​previous investment in May and its stake in Anthropic remain undisclosed.

Anthropic,⁢ founded by former OpenAI executives in 2021, is known ‍for its Claude‌ models, ⁣which‍ are considered major ‌competitors to OpenAI’s GPT-4.

In July, SK Telecom joined forces with Deutsche Telekom, e&,⁣ and Singapore ⁢Telecommunications⁣ to form an alliance focused on the development ⁣of telecommunications-driven AI businesses.

(Reporting by Joyce Lee. Editing by Sam ‍Holmes)

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