Anthropic launches a $0.1 billion AI fund to intensify competition with OpenAI.

Today, the AI startup company Anthropic joined forces with Menlo Ventures, a venture capital firm, to jointly launch the Anthology Fund, a $100 million fund to support early-stage startups and enable them to use Anthropic's technology. According to the agreement, Menlo Ventures will invest in the startup companies, while Anthropic will provide $25,000 in crediting to the founders of these startups for using its large language models. This is the combination of Anthropic and Menlo Ventures.

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