Alphabet, Google's parent company, is investing up to $40 billion in AI startup Anthropic. This significant investment deepens their partnership as the tech giant competes in the global AI race.
Google has committed an initial $10 billion in cash, valuing Anthropic at $350 billion. An additional $30 billion will be invested if Anthropic meets performance targets. This move follows Amazon's recent commitment of up to $25 billion to the same startup.
Anthropic has distinguished itself in the AI industry by focusing its model training on coding. Its Claude Code tool has shown strong adoption among developers, and the company's annual run-rate revenue has reportedly surpassed $30 billion.