Anthropic · Engadget
Google aims to invest even more money into Anthropic
Compiled by KHAO Editorial — aggregated from 4 outlets. See llms.txt for citation guidance.
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Google plans to invest up to $40 billion into Anthropic in what could be viewed as a circular deal with the AI startup (and frequent competitor), Bloomberg reports.
Key facts
- According to Anthropic, Google is committing $10 billion now at the company's current valuation, with an additional $30 billion on offer if Anthropic meets specific performance milestones
- Earlier in April, Amazon announced that it would invest $5 billion in Anthropic, with an additional $20 billion in payments available if certain milestones were met
- Google plans to invest up to $40 billion into Anthropic in what could be viewed as a circular deal with the AI startup (and frequent competitor), Bloomberg reports
- The deals are another example of Anthropic's ability to burn through money — the company only raised $30 billion in its most recent round of funding
Summary
According to Anthropic, Google is committing $10 billion now at the company's current valuation, with an additional $30 billion on offer if Anthropic meets specific performance milestones. If the structure of the deal and business relationship between Google and Anthropic sounds familiar, it might be because the AI startup recently announced something similar with Amazon. The deals are another example of Anthropic's ability to burn through money — the company only raised $30 billion in its most recent round of funding.