tech
Google to invest up to $40 billion in Anthropic as search giant spreads its AI bets
Anthropic said its latest agreement with Google expands on a longstanding partnership between the two companies.
TL;DR
- Google plans to invest up to $40 billion in Anthropic.
- The deal involves an initial $10 billion investment, with $30 billion contingent on performance milestones.
- This investment expands on a longstanding partnership between Google and Anthropic.
- Google provides cloud services and custom chips to Anthropic.
- Anthropic's AI products, like Claude, are experiencing growing demand.
- Amazon previously invested $5 billion in Anthropic with potential for up to $20 billion more.
- Anthropic was founded in 2021 by former OpenAI researchers and executives.
- Anthropic's annualized revenue has surpassed $30 billion.