Alphabet Inc. is preparing to invest as much as $40 billion in artificial intelligence startup Anthropic, significantly expanding its commitment to one of the fastest-growing players in the global AI market.
According to a report by Bloomberg, the deal structure includes an immediate $10 billion cash injection at a valuation of approximately $350 billion. An additional $30 billion would be deployed if Anthropic meets specific performance milestones, particularly tied to scaling its computing infrastructure.
Neither Anthropic nor Google responded to requests for comment.
The move comes days after Amazon announced plans to invest up to $25 billion in Anthropic, intensifying competition among major tech firms to secure stakes in leading AI developers.
Anthropic, the creator of the Claude family of AI models, has seen explosive growth in 2026. The company’s annualized revenue has surged past $30 billion, a sharp rise from roughly $9 billion at the end of 2025. Its focus on enterprise-grade AI—particularly coding and developer tools—has driven strong adoption among corporate clients.
Investor appetite for the startup has also accelerated. Anthropic raised $30 billion in February at a $380 billion post-money valuation and has reportedly attracted offers from venture capital firms that could push its valuation as high as $800 billion.
To sustain growth, the company is aggressively expanding its computing capacity. Recent deals include partnerships with Broadcom and Google, a multi-year agreement with CoreWeave, and plans to secure nearly one gigawatt of capacity using Amazon’s custom chips by the end of the year.
The scale of these investments highlights a defining trend in the AI sector: access to compute is becoming as strategically critical as model development itself. For Alphabet, the deepening partnership with Anthropic reflects both collaboration and competition, as tech giants race to dominate the next phase of artificial intelligence infrastructure and applications.
