Anthropic · CNBC Technology
Google to invest up to $40B in Anthropic as search giant spreads its AI bets
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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.
Key facts
- The pact involves an initial $10 billion from Google at Anthropic's latest valuation of $380 billion
- 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
- Google provides access to Anthropic's Claude models through its cloud division, which competes with Amazon Web Services and Microsoft Azure
- 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
Summary
The pact involves an initial $10 billion from Google at Anthropic's latest valuation of $380 billion. Anthropic said the agreement expands on a longstanding partnership between the two companies. Google provides access to Anthropic's Claude models through its cloud division, which competes with Amazon Web Services and Microsoft Azure. Meanwhile, Google's Gemini is competing with Anthropic in the market for AI models and services.