Google plans to invest up to $40 billion in Anthropic

Google-parent Alphabet will invest $10 billion in AI startup Anthropic, ⁠with another $30 ⁠billion potentially to follow, Bloomberg News reported on Friday.

Google ⁠is committing $10 billion now in cash at a $350 billion valuation and will invest a further $30 billion if Anthropic meets performance targets, ⁠the ⁠report said.

Google and Anthropic did not immediately respond to Reuters’ requests for comment.

The report comes just days ⁠after Anthropic announced a fresh $5 billion investment from tech giant Amazon with up to an additional $20 ⁠billion ‌in ‌the future, underscoring ⁠the ‌surge in interest in the creator of ⁠Claude.