Amazon-backed (AMZN) Anthropic announced Wednesday that it is partnering with Menlo Ventures to launch the Anthology Fund, a $100 million fund focused on artificial intelligence (AI) that could better Anthropic’s position in the AI race by supporting startups that could help advance Anthropic’s technology.
Anthropic is an AI company and maker of the Claude model, a competitor of Microsoft-backed (MSFT) OpenAI’s ChatGPT. While ChatGPT established OpenAI as an early leader of the AI boom, Anthropic claims its latest model offers comparable or better performance than GPT-4o and Alphabet’s (GOOGL) Gemini.
Anthropic could stand to gain from the fund’s rollout as companies supported by the Anthology Fund will have access to Claude and could expand its use.
“The Anthology Fund aims to partner with innovative founders to build unique AI-first applications and infrastructure solutions that leverage Anthropic’s technology and AI models,” Menlo Ventures said in …