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Hassabis’s Early Bet on Anthropic Signals DeepMind Alumni Power

Financial Times Companies •
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Sir Demis Hassabis, the founder of Google DeepMind, quietly became an early angel investor in Anthropic, a startup that has now attracted a $900 billion valuation from investors. The move underscores his growing reach in the AI sector and signals that DeepMind alumni are reshaping the competitive map.

Hassabis previously sold his London‑based AI lab to Google for £400 million in 2014 and now backs firms founded by former DeepMind teammates, including Inflection AI and Ineffable Intelligence, which together raised more than £3 billion last month. His capital pipeline fuels a wave of AI start‑ups that could challenge incumbents like OpenAI and Microsoft in 2024.

Google’s own investment in Anthropic totals billions, cementing a cloud‑AI partnership that could accelerate product releases. Meanwhile, DeepMind leaders Koray Kavukcuoglu and Pushmeet Kohli have moved into senior Google roles, reinforcing the company’s push to outpace rivals in generative AI and protein‑folding research across the global market and in the next few years for its strategic growth.

The Anthropic stake also signals a broader trend: former DeepMind researchers now launch dozens of ventures, collectively raising at least $14 billion since 2021. Investors view DeepMind experience as a badge of quality, making these start‑ups attractive targets for venture capital and strategic acquisitions in the AI sector as they continue to push innovation forward and capture.