Anthropic and venture capital firm Menlo Ventures co-founded the $100 million Anthology Fund to support the next generation of artificial intelligence startups. Downcodes editors learned that the fund will provide at least US$100,000 in investment to each eligible startup, and provide additional support and resources from Anthropic and Menlo Ventures, covering expert guidance, developer relations support, and cooperation with other artificial intelligence The company’s network contacts, etc. This move aims to accelerate the application of artificial intelligence in many fields such as medical care, law, education, etc., and improve human productivity and capabilities.
Anthropic recently announced a partnership with venture capital firm Menlo Ventures to jointly establish a fund called Anthology Fund with a total amount of US$100 million, aiming to support the next generation of artificial intelligence start-ups. Under the program, each qualifying startup will receive at least $100,000 in investment, as well as additional support and resources from Anthropic and Menlo Ventures.
Daniela Amodei, president of Anthropic, said in a statement: "Through our partnership with Menlo Ventures and the Anthology Fund, we hope to accelerate the development of artificial intelligence to enhance human capabilities in areas such as health care, legal services, education, energy, infrastructure and scientific research. and breakthrough applications for productivity.” She also added: “We look forward to working closely with the outstanding founders under these funds supported by Menlo Ventures to jointly push the boundaries of innovation in artificial intelligence applications.”
In addition, Anthropic does not require fund beneficiaries to use its competitor Claude, even though Claude's latest 3.5 version was released last month. The fund also offers a variety of other valuable abstract benefits, including expert support, mentorship, developer relations support, and networking with other AI companies, regular meetings, and more.
This move is similar to the OpenAI Startup Fund established by OpenAI, which has $175 million to support artificial intelligence startups. The overall development trajectories of the two companies are very similar. Anthropic has received billions of dollars in investment from Amazon, while OpenAI has received a huge investment from Microsoft.
### Highlights:
- ? Anthropic partners with Menlo Ventures to establish Anthology Fund to support the next generation of artificial intelligence startups.
- Each startup can receive a minimum investment of $100,000 and enjoy additional support and resources from Anthropic and Menlo Ventures.
- ? Anthropic emphasizes that the fund will accelerate innovative applications of artificial intelligence to enhance human capabilities and productivity in fields such as medical care, legal services, education, and energy.
Anthropic's move is similar to OpenAI's OpenAI Startup Fund. They both show the willingness of large AI companies to actively support the development of the industry's ecosystem. It indicates that more innovative applications will emerge in the field of artificial intelligence in the future, which is worth looking forward to!