April 24 (Reuters) – Alphabet, Google’s parent company, will invest up to US$40 billion in Anthropic, deepening its partnership with the artificial intelligence startup that is also its rival in the sector.
Anthropic said on Friday that Google has committed to investing $10 billion now in cash, giving Anthropic a market value of $350 billion, and will invest another $30 billion if the company that created the Claude chatbot meets performance targets.
Alphabet’s announcement comes just days after Amazon said it will invest up to $25 billion in Anthropic, which has managed to stand out in the crowded AI sector by focusing its model training on software programming tools.
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Anthropic’s annualized revenue surpassed $30 billion this month, up from about $9 billion at the end of 2025.
The startup raised $30 billion in a funding round in February that valued it at $380 billion.
Strong demand for the Claude family of AI models has led Anthropic to sign several major deals recently to acquire more computing capacity.
Earlier this month, the company reached multi-year deals with chipmaker Broadcom and cloud computing infrastructure company CoreWeave, and is also expected to secure nearly 1 gigawatt of capacity through Amazon chips by the end of the year.
Last year, Anthropic said it would invest US$50 billion in building data centers in the US to ensure the infrastructure for deploying and training its models.
Earlier this year, a series of plug-in releases for Anthropic’s Cowork agent sparked a wild sell-off in software company shares around the world, as investors weighed in on the disruptive potential of the company’s AI tools.
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