Google is ready to make another multi-billion-dollar investment in Anthropic, as the Claude developer continues to seek computing power to sustain its growth.
According to Bloomberg, which first reported the development, on April 24, the tech giant will invest $10 billion immediately, at the $350 billion valuation Anthropic hit in February.
An additional $30 billion is set to follow if Anthropic meets specific performance targets. It is not yet clear what these milestones are.
Google has invested in Anthropic previously, but this latest tie-up comes just a few weeks after the two companies -- in tandem with silicon maker Broadcom -- for the supply of multiple gigawatts of next-generation Google TPU AI chips.
The new deal also comes only days after the generative AI vendor agreed to a similar extension of its partnership with Amazon, with Amazon pumping $5 billion into Anthropic immediately, with $20 billion more to follow.
Google’s continued backing will come as no surprise, given that it has significantly increased its involvement in Anthropic since its first $300 million investment in February 2023. Another $2 billion followed in October of the same year, and Google may hold as much as a 14% stake in Anthropic.
While not commenting directly on the latest Google deal, Anthropic has made no secret of its need for more compute capacity as demand for Claude Code and Claude Cowork in particular continues to accelerate.
“Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand,” CEO Dario Amodei said in a statement on April 20. Failure to keep pace with this demand has already led to a number of Anthropic outages at peak times this year.
Anthropic’s continued need to build out its infrastructure was also behind a multi-year deal with neocloud vendor CoreWeave in early April, and it is set to bring more capacity online later this year.
