Google parent Alphabet Inc is to invest up to US$40 billion in Anthropic PBC, as the tech giant deepens its partnership with the artificial intelligence (AI) start-up that is also its rival in the global AI race.
Anthropic on Friday said Google has committed US$10 billion in cash at a valuation of US$350 billion to help support a major expansion of its computing capacity, and would invest US$30 billion more if the Claude maker meets performance targets.
The investment comes just days after e-commerce giant Amazon.com Inc said it would invest up to US$25 billion in the start-up, which has managed to stand out in the crowded AI industry by focusing its model training on coding.
Photo: Bloomberg
Anthropic’s Claude Code tool has gained strong traction among developers.
The company’s annual run-rate revenue surpassed US$30 billion this month, up from about US$9 billion at the end of last year — outpacing OpenAI for the first time.
Strong demand for its Claude family of AI models has prompted Anthropic to sign several major deals to acquire more computing capacity.
Earlier this month, it struck multi-year deals with chipmaker Broadcom Inc and cloud infrastructure firm CoreWeave Inc, and is also set to secure nearly 1 gigawatt of capacity via Amazon’s chips by year-end.
Last year, Anthropic had said it would invest US$50 billion to build data centers in the US to secure infrastructure for deploying and training its models.
Earlier this year, a series of plugin releases for Anthropic’s Cowork agent sparked a brutal selloff in global software stocks as investors weighed the disruptive potential of sophisticated AI tools.
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