Amazon-Backed Anthropic and Menlo Ventures Launch Fund for AI Startups—Here's Why

Amazon-backed (AMZN) Anthropic announced Wednesday that it is partnering pinch Menlo Ventures to motorboat nan Anthology Fund, a $100 cardinal money focused connected artificial intelligence (AI) that could amended Anthropic's position successful nan AI title by supporting startups that could thief beforehand Anthropic's technology.

Anthropic is an AI institution and shaper of nan Claude model, a competitor of Microsoft-backed (MSFT) OpenAI's ChatGPT. While ChatGPT established OpenAI arsenic an early leader of nan AI boom, Anthropic claims its latest exemplary offers comparable aliases amended capacity than GPT-4o and Alphabet's (GOOGL) Gemini.

New Fund Supports AI Startups With Anthropic Tech, Advancing Its Capabilities

Anthropic could guidelines to summation from nan fund's rollout arsenic companies supported by nan Anthology Fund will person entree to Claude and could grow its use.

"The Anthology Fund intends to partner pinch innovative founders to build unsocial AI-first applications and infrastructure solutions that leverage Anthropic’s exertion and AI models," Menlo Ventures said successful nan announcement.

The merchandise noted nan Anthology Fund is "not conscionable looking for startups," but is "seeking AI pioneers who harness Anthropic’s cutting-edge exertion to redefine what is imaginable coming done AI," perchance helping beforehand Claude's capabilities and nan AI model's take rate, which would use Anthropic.

The startups that nan money invests successful will besides person $25,000 successful free credits to harness Anthropics AI models, perchance mounting them connected nan way to becoming paying Anthropic customers.

The fund's motorboat follows akin moves by rivals for illustration OpenAI, which has its ain OpenAI Startup Fund, arsenic AI companies put successful startups that could thief grow their tech and influence.