Anthropic launches $100 million AI fund with Menlo Ventures, ramping up competition with OpenAI

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Anthropic and Menlo Ventures have joined forces to support early-stage startups by providing access to Anthropic's AI technology through a $100 million fund. This initiative is inspired by the successful iFund partnership between Apple and Kleiner Perkins in 2008, which facilitated Apple's engagement with early developers.

The Anthology Fund, similar to Apple's iFund, aims to accelerate the growth of startups by offering financial support and guidance in utilizing Anthropic's AI capabilities. This collaboration signifies a strategic move by Anthropic and Menlo Ventures to foster innovation in the rapidly evolving AI landscape, competing with industry players like OpenAI.

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