Google's $40B Anthropic move is Big Tech's latest huge AI bet
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Google will invest $10 billion in Anthropic, with the potential for an additional $30 billion — days after Amazon announced its own massive investment.
Why it matters: Tech companies with their own AI ambitions keep betting on Anthropic.
Driving the news: Google is now committing a $10 billion cash investment at a $350 billion valuation for Anthropic.
- This expands the deal between Anthropic, Broadcom and Google to access additional compute capacity, Bloomberg first reported and Axios confirmed.
- Shares of Google hit session highs on the news, though tech stocks overall are rallying.
Between the lines: The AI financing circle keeps circling.
- Anthropic agreed to spend $100 billion to secure up to 5 gigawatts of compute from Amazon to train and run its Claude models.
- It will also get 5 gigawatts from Google as part of this latest deal.
Zoom out: Both Amazon and Google have been big backers of Anthropic, despite their own AI efforts.
- Amazon announced its own $5 billion investment into Anthropic earlier this week (with the option for up to $20 billion more), deepening its stake.
Threat level: The additional gigawatts come as OpenAI is positioning compute as the decisive factor in wining the AI race.
- "We are moving to a compute-powered economy," Greg Brockman, co-founder of OpenAI told reporters in a Thursday briefing about the lab's newest model, GPT-5.5.
- The lab sent a letter to shareholders in early April boasting about its outsized access to compute, which they expect to hit 30 gigawatts by 2030, compared to Anthropic.
The bottom line: AI labs will keep making deals to get compute, and those providing it will keep betting on different labs to succeed until the race is over.
