Research on AI sheds light on Google's Ripple investment

Perplexity, a resource for researching artificial intelligence, recently spotlighted Google’s initial investment in Ripple during the company’s early days.

The disclosure stems from an inquiry from XRP community member Ashley Prosper, who recently turned to Perplexity to inquire about potential partnerships between Ripple and major U.S. tech and financial giants such as Amazon and Google.

Amazon and Ripple

Notably, Prosper initially asked Perplexity whether there was any partnership between Ripple and Amazon after confirming that American entrepreneur and Amazon CEO Jeff Bezos had invested in the AI research platform through his investment company Bezos Expeditions.

Perplexity asserts that there is a potential partnership between Ripple and Amazon, suggesting that such a collaboration could allow Amazon to utilize Ripple’s technology to optimize its payment infrastructure, further improve supply chain management, and increase global expansion.

While the terms appear both feasible and attractive on paper, no such partnership currently exists, nor are there signs of a potential one. Instead, Perplexity referred to a previous report from last year that falsely suggested Amazon was working with Ripple to utilize XRP for payments.

The reports sourced information from an Amazon AWS partner profile page that describes Ripple’s use of Amazon AWS. This page discusses Ripple's payment infrastructure, RippleNet's use cases, and member companies.

Latest inquiries to Google

After initially asking about Amazon and Ripple in February, Prosper recently asked Google and Ripple similar questions, asking whether the artificial intelligence platform Google has invested in the payments company. Perplexity answers this question in the affirmative.

As the previous response regarding Amazon stemmed from a false report, some XRP community members were unsure about the latest answer, especially those who were new members at the time who had not yet announced their investment.

It’s worth noting that Google did invest in Ripple, but this development occurred during the company’s early days. Following the investment from Google, Ripple raised another $55 million from some of the world’s banking giants eight years ago, bringing its total funding to $93 million in September 2016.

Reports at the time confirmed that Ripple had partnered with 15 of the world’s 50 largest banks. Since then, no new developments have taken place between Google and Ripple or XRPL, despite repeated rumors. For example, rumors last year suggested that Google was running an XRPL node, but The Crypto Basic quickly debunked those rumors.

The only notable development related to Google and the XRPL ecosystem is Google Cloud’s entry into the Flare Network as an infrastructure provider and becoming a contributor to FTSO.

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