Anthropic said on Friday that Google has committed to investing $10 billion in cash now, valuing the company at $350 billion, the same valuation it paid when it raised money in February (excluding recent new financing). In addition, Google will invest another US$30 billion when Anthropic reaches its performance goals and support its significant expansion of computing power.
Google will invest US$10 billion in Anthropic PBC, and may add up to US$30 billion more, a move that will strengthen the cooperative and competitive relationship between the two companies
With the breakthrough success of Claude Code, an AI agent that accelerates the software development process, Anthropic is accelerating the pace of financing. The company said earlier this week it had received another $5 billion investment from Amazon, valuing it at $350 billion, with options for an additional $20 billion in future investments. Anthropic raised $30 billion in February this year, and investors have since sought to take stakes at a valuation of $800 billion or more.
Google’s Tensor Processing Unit (TPU) is one of the important alternatives to Nvidia chips. In the AI industry that requires huge amounts of computing power, these chips are both scarce and critical to developers such as Anthropic.
Anthropic, which could hold an initial public offering as early as October, is actively seeking more infrastructure to meet growing demand for its products. Claude Code has quickly become the tool of choice for Silicon Valley engineers, including some Google employees.
Anthropic CEO Dario Amodei worked on AI research at Google in his early years. The two companies have maintained close ties since he founded Anthropic in 2021 with a group of former OpenAI employees. Last year, Google said it would provide up to 1 million TPU chips to Anthropic, a deal worth tens of billions of dollars.