AI BriefingGoogle to Invest Up to $40 Billion in Anthropic
Key point
Google will invest up to $40 billion in Anthropic and provide 5GW of compute.
Details
Google announced a plan to make an immediate $10 billion cash investment in Anthropic, with an additional $30 billion to be injected upon reaching performance targets. In this deal, Anthropic's valuation was set at $350 billion.
Google Cloud will provide Anthropic with 5 gigawatts (GW) of computing capacity over the next 5 years. This expands on the agreement among Anthropic, Google, and Broadcom disclosed earlier this month, with TPU and cloud infrastructure supply at its core.
Anthropic has been rapidly scaling up its fundraising recently.
- Earlier this week, it secured an additional $5 billion investment from Amazon.
- Last February, it raised $30 billion.
- It is also considering an IPO as early as October.
One factor cited as driving this growth is the rapid rise of Claude Code, an AI agent that speeds up software coding. Google and Anthropic are partners while also competing in the AI coding market, and the large-scale investment and infrastructure deal further entangles the two companies' interests.
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