The deal, which follows a rival investment by Amazon, values the Claude-maker at $350 billion and deepens ties between two of the AI industry’s biggest players.
Alphabet will invest up to $40 billion in Anthropic, the AI startup said last week, in a deal that cements Google’s position as a major backer of one of the technology sector’s fastest-growing companies.
Google has committed $10 billion immediately, at a valuation of $350 billion, with a further $30 billion contingent on Anthropic meeting performance targets, according to Reuters. The announcement came days after Amazon said it would invest up to $25 billion in the same company.
Anthropic has built its market position around coding-focused AI development. Its Claude Code tool has gained significant traction among developers, helping push the company’s annual run-rate revenue above $30 billion this month, up from around $9 billion at the end of 2025.
The startup raised $30 billion in February at a post-money valuation of $380 billion. Media reports have since cited venture capital offers valuing it as high as $800 billion.
To meet rising demand for its Claude models, Anthropic has secured several large computing agreements in recent weeks. It signed multi-year deals with chipmaker Broadcom and cloud infrastructure firm CoreWeave earlier this month, and is set to secure nearly one gigawatt of capacity through Amazon’s chips by year’s end. The company announced plans last year to invest $50 billion in US data centres.
Anthropic’s rapid growth has unsettled broader markets. Plugin releases for its Cowork agent earlier this year helped spark a sharp selloff in global software stocks as investors assessed the disruptive potential of advanced AI tools.
Sources : Reuters
