Anthropic and Menlo Ventures have joined forces to arrange the Anthology Fund for aspiring builders to make their mark on the evolution of synthetic intelligence.
The $100 million fund goals to assist the advance of recent AI know-how for the actual advantage of humanity.
The fund will think about 5 key areas of focus. They’re AI infrastructure, novel purposes of AI in industries reminiscent of healthcare and training, shopper AI options, belief and security tooling, and AI purposes that maximize societal advantages. This technique is claimed to replicate the backers’ ambition to assist innovation and collaboration throughout the broader AI panorama
Anthropic, the AI startup behind the Claude chatbot, desires to “push the boundaries” of AI for the better good, as said by its co-founder and President, Daniela Amodei.
” We’re notably thinking about ventures that leverage AI to reinforce human capabilities and productiveness in fields reminiscent of healthcare, authorized companies, training, vitality, infrastructure, and scientific analysis,” she mentioned.
“We sit up for working carefully with Menlo and the distinctive founders backed by this Fund to push the boundaries of what’s potential with AI,” added Amodei.
We’re excited to announce the Anthology Fund, a $100M fund we created with our companions at @AnthropicAI to assist the following technology of breakthrough firms.
With funding from the Anthology Fund, we are going to again visionary founders utilizing Anthropic’s cutting-edge AI to reshape…
— Menlo Ventures (@MenloVentures) July 17, 2024
Shaping the way forward for AI
Anthropic is coming into this enterprise from a place of energy, having secured investments from the likes of Amazon and Google prior to now 12 months, totaling $6 billion. Menlo Ventures seems to be a superb companion with the California-based enterprise capital agency closing a $1.35b funding spherical in November final 12 months. It was mentioned to be earmarked for the expansion of the “forthcoming technology” in AI, appearing as a becoming prelude to this undertaking.
Matt Murphy, Accomplice at Menlo Ventures, said, “We’re thrilled to hitch forces with Anthropic to launch the Anthology Fund. By combining Menlo’s company-building expertise with Anthropic’s cutting-edge AI know-how and expertise, we’re uniquely positioned to determine and companion with probably the most promising entrepreneurs shaping the way forward for AI.”
Beneficiaries of the fund are in line to obtain $25,000 in credit to entry Anthropic’s most superior fashions, further analysis instruments, and in depth enterprise assist from Menlo.
Picture credit score: Anthropic