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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
