Google to invest up to $40 billion in Anthropic as search giant spreads its AI bets [CNBC]
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Source: CNBC
Anthropic said the agreement expands on a longstanding partnership between the two companies. Google is putting in $10 billion now, with the remaining investments of up $30 billion contingent on certain performance milestones. In this article Google plans to invest up to $40 billion in Anthropic , the companies confirmed on Friday, as tech giants ramp up their strategic investments in the leaders in artificial intelligence. The pact involves an initial $10 billion from Google at Anthropic's latest valuation of $380 billion . The remaining $30 billion is contingent on certain performance milestones. Bloomberg was first to report the deal. Anthropic said the agreement expands on a longstanding partnership between the two companies. Earlier this month, Anthropic secured 5 gigawatts worth of computing capacity as part of an announcement with Google and Broadcom that will start to come online next year. Anthropic could decide to add additional gigawatts of compute in the futur
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