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Zoom stated it earned about $1 billion from an early 2023 investment in artificial intelligence startup Anthropic. The videoconferencing company disclosed the return in a recent financial update.
riotimesonline.comZoom, the videoconferencing company, reported a gain of about $1 billion from an investment it made in artificial intelligence startup Anthropic in early 2023. The company disclosed the figure as part of its most recent financial reporting. No additional details on the size of the original investment or the timing of any share sales were provided.
The investment occurred before Anthropic gained wider attention for its large language models. Zoom has not announced further plans regarding its holdings in the startup. The disclosure comes as technology companies continue to allocate capital to artificial intelligence ventures.
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Microsoft CEO Satya Nadella told employees Wednesday that Anthropic's limits on its Fable AI model do not make sense. CNBC reported the remarks came during a meeting with Copilot engineers. The comments follow Microsoft's $5 billion investment in Anthropic and recent model releas…