US EditionGoogle Just Bet $40 Billion on Its Biggest Rival—Here's Why
Google will provide $10 billion in cash now and up to $30 billion more if Anthropic meets performance targets, deepening an AI computing partnership.
- On Friday, Alphabet Inc announced a $40 billion investment in Anthropic PBC, committing $10 billion in cash at a $350 billion valuation with $30 billion more contingent on performance targets.
- Strong demand for Claude models prompted Anthropic to seek more computing capacity, as its annual run-rate revenue surpassed $30 billion this month, outpacing OpenAI for the first time.
- Google Cloud will provide 5 GW of computing capacity to Anthropic over five years, with the tech giant's TPUs serving as a key alternative to Nvidia chips and "well over" 1 GW expected online in 2026.
- Amazon plans to invest up to $25 billion into Anthropic, including $5 billion upfront and $20 billion in future funding, expanding its existing $8 billion stake in the startup.
- Investors have valued Anthropic at $800 billion or more as the company reportedly prepares for an initial public offering around October this year while exploring building its own chips.
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Google Is Getting a Screaming Bargain on Its New Anthropic Investment. Here's Why.
Key PointsBloomberg just reported on a major new investment into AI firm Anthropic from Google parent Alphabet. Alphabet already owned a stake in the AI company, but this will add another $40 billion more to the total. Fortunately for Alphabet shareholders, it looks to be getting a bargain price for the new stake. 10 stocks we like better than Alphabet › Last week, Bloomberg reported that Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is …
According to Amazon, Google is now also investing a lot of money in AI developer Anthropic. It's about up to $40 billion - and a business from which both companies are to benefit. [more]]>
The agreement represents a significant increase in Google's financial support to the AI lab compared to its main rival among startups, OpenAI
Artificial intelligence. Alphabet and Amazon are among the largest shareholders of the AI company that could go on the stock market this year. They don't have much to report.
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