Google-parent Alphabet will invest up to $40 billion in Anthropic, as the tech giant deepens its partnership with the artificial intelligence startup that is also its rival in the global AI race.
Anthropic said yesterday that Google has committed $10bn now in cash at a valuation of $350bn to help support a major expansion of its computing capacity, and will invest $30bn more if the Claude maker meets performance targets.
The investment comes just days after e-commerce giant Amazon said itwill invest up to $25bn in the startup, which has managed to stand out in the crowded AI industry by focusing its model training on coding.
Anthropic’s Claude Code tool has gained strong traction among developers.
The company’s annual run-rate revenue surpassed $30bn this month, up from about $9 billion at the end of 2025.
The startup raised $30bn in a funding round in February that valued it at $380bn post-money amid massive investor interest, and has drawn offers from venture capital firms valuing it at as much as $800bn, according to media reports.
Strong demand for its Claude family of AI models has prompted Anthropic to sign several major deals recently to acquire more computing capacity.
Earlier this month, it struck multi-year deals with chipmaker Broadcom and cloud infrastructure firm CoreWeave, and is also set to secure nearly 1 gigawatt of capacity via Amazon’s chips by year-end.
Last year, Anthropic had said it would invest $50bn to build data centres in the US to secure infrastructure to deploy and train its models.
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