Dubai DAMAC Group acquired stake in Anthropic for $50 million
DAMAC Group, a Dubai-based private business conglomerate, has acquired stake in Anthropic, a US AI startup for $50 million.
Founded in 2021 and with roughly 500 employees, Anthropic aims to study the safety and reliability of AI systems. It has developed a family of large language models called Claude, which is a competitor of OpenAI's ChatGPT and Google's Gemini.
(Established in 1982, DAMAC Group is owned and managed by Hussain Sajwani. Its diverse portfolio spans various industries including Property Development and Real Estate, Data Centres, Retail and Fashion, Hospitality, Capital Markets, and Logistics.)
To see a list and email addresses of investment firms similar to Damac check the Middle East Investors Directory.
July 22, 2024 |
Filed under Middle Eastern Family Offices
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