Google to invest up to $40 billion in Anthropic; $10 billion cash now but sets ‘Performance Targets’ for next $30 billion
Google is putting $10 billion into Anthropic today—and has committed to investing up to $30 billion more, provided the AI startup clears certain performance hurdles. The deal, first reported by Bloomberg, pegs Anthropic’s valuation at $350 billion and is the latest sign that Big Tech’s appetite for frontier AI is nowhere close to slowing down….