Google to invest up to $40B in Anthropic in cash and compute

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TLDR

  • Google is committing up to $40B to Anthropic, starting with $10B now at a $350B valuation.

Key Facts

  • Google will invest $10B immediately, with another $30B contingent on Anthropic hitting performance targets.
  • Anthropic’s valuation was $350B in February; investors have since sought to back it at $800B or more.
  • The deal expands Google Cloud’s compute commitment to 5 gigawatts of capacity over five years.
  • Anthropic also secured a separate $5B from Amazon this week and a CoreWeave data center deal earlier this month.

Why It Matters

  • Anthropic is rapidly stacking infrastructure deals as compute access becomes the central constraint in the AI race.
  • Google is both a direct AI competitor and Anthropic’s primary chip and cloud infrastructure supplier.

Rebecca Bellan, TechCrunch · 2026-04-24 · Read the original