Google to invest up to $40 billion in Anthropic
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Google plans to invest up to $40 billion in Anthropic while supporting the AI company’s growing computing needs, according to a Bloomberg report. The
April 24 (Reuters) - 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,
Alphabet Inc. (NASDAQ:GOOGL) shares climbed mid-day Friday, rising 1.2%, after Bloomberg reported that Google plans to invest up to $40 billion in Anthropic.
At Google, leaders are anxious about falling behind in the race to offer AI coding tools, especially as rivals like Anthropic PBC offer more effective and popular tools to businesses, according to people familiar with the matter.
A new startup by ex-OpenAI researcher Jerry Tworek has snatched up talent from the country's top AI labs.
Google unveiled new enterprise AI agent tools at Cloud Next, expanding Gemini and Workspace features as it pushes harder against OpenAI and Anthropic.
Google is reportedly building a strike team to create better AI coding models, challenging competitors like Claude Code.