Google plans to invest up to $40 billion in Anthropic
Google-parent Alphabet will invest up to $40 billion in Anthropic, with $10 billion committed now, as it deepens its partnership with the AI startup. Anthropic's annual run-rate revenue has surpassed $30 billion this month, driven by demand for its Claude AI models.
Google-parent Alphabet is set to invest up to $40 billion in Anthropic, a startup rivaling Google in the global AI race. The initial investment is $10 billion at a $350 billion valuation. An additional $30 billion will be invested if Anthropic meets performance targets. Anthropic's revenue has surged to over $30 billion annually, driven by its Claude AI models. The company is expanding its computing capacity, having signed deals with Broadcom, Google, CoreWeave, and Amazon. Anthropic raised $30 billion in February at a $380 billion post-money valuation and has received offers valuing it at up to $800 billion.
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