Google · Elon Musk · Anthropic · OpenAI · Stripe · SpaceX · CNBC Technology
Google CEO Sundar Pichai notes 'AI shift' opens opportunities to invest in outfits
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With Alphabet poised to earn potentially $100 billion or more from its 2015 bet on Elon Musk's SpaceX, Google CEO Sundar Pichai said the explosion of artificial intelligence has opened the door to more startup investments.
Key facts
- Stripe was valued at $159 billion as of February, up more than 17-fold since GV participated in a $150 million round in 2016
- Alphabet first invested in SpaceX in 2015, putting in $900 million at a valuation of about $12 billion
- With Alphabet poised to earn potentially $100 billion or more from its 2015 bet on Elon Musk's SpaceX, Google CEO Sundar Pichai said the explosion of artificial intelligence has opened the door
- In 2023, Google invested $300 million in the AI lab for a stake of about 10%
Summary
Google has long been in the startup investing game through its early-stage venture group GV and its growth arm CapitalG. Alphabet first invested in SpaceX in 2015, putting in $900 million at a valuation of about $12 billion. Last week, SpaceX confidentially filed for an IPO, and the company is reportedly seeking a valuation of $1.75 trillion in what would be a record offering. Then there's OpenAI rival Anthropic, which competes with Google at the AI model layer but also partners with the search company by committing to purchase billions of dollars worth of its tensor processing units, or TPUs, and cloud infrastructure.