Google to invest up to $40 billion in Anthropic as search giant spreads its AI bets

google will invest up to $40 billion in anthropic, the companies confirmed friday. an initial $10 billion comes at anthropic's latest valuation of $380 billion. the remaining $30 billion depends on hitting performance milestones. the deal expands a partnership dating to 2023, when google invested $300 million for a ~10% stake. before friday, google had already put in over $3 billion and owned 14% of the company. anthropic said the agreement builds on existing work — earlier this month it secured 5 gigawatts of computing capacity through google and broadcom, with more possible later. google provides anthropic's claude models through its cloud division, which competes with aws and azure. it also offers custom tpu chips as an alternative to nvidia's gpus. the investment mirrors a separate deal with amazon, which put in $5 billion and agreed to up to $20 billion more tied to milestones. anthropic's annualized revenue has topped $30 billion.