Google plans to invest up to $40 billion in Anthropic and support the growing AI computing needs, Bloomberg reports. The Alphabet subsidiary is committing to invest $10 billion now, at a cost of $350 billion for Anthropic, with another $30 billion to follow if Anthropic meets certain performance goals, according to Anthropic.
The investment pledge comes after Anthropic released its latest model, the Mythos, to a limited group of partners this month. Anthropic says Mythos is the company’s most powerful model to date and has significant cybersecurity applications. Because of potential misuse, Anthropic has restricted broad access while working with select organizations to assess and address those risks – even though the model has already fallen into unauthorized hands. It may also be expensive to run on scale.
The AI race is increasingly defined by the access to computing needed to train and operate these systems. OpenAI has moved aggressively to secure that capacity through a web of multibillion-dollar deals with cloud providers, chip suppliers, and power, including an expanded deal with chipmaker Cerebras this month.
Anthropic has been in trouble. The company has faced widespread complaints about Claude’s usage restrictions in recent weeks and has responded with several infrastructure deals. Earlier this month, Anthropic struck a deal with cloud computing provider CoreWeave for data center capacity. This week it also received an additional $5 billion from Amazon, part of a broader deal in which Anthropic is expected to spend up to $100 billion to acquire about 5 gigawatts of computing capacity over time.
Although Google is a direct competitor for AI models, it is also an important infrastructure provider for Anthropic. Anthropic relies heavily on Google Cloud for chips and infrastructure, including access to Google tensor processing units (or TPUs), which are special chips designed for AI workloads and considered one of the best alternatives to Nvidia’s on-demand processors.
Anthropic’s relationship with Google precedes this week’s news. Earlier this month, Anthropic announced a partnership with Google and chip maker Broadcom, which is designing custom AI chips for Google, to achieve more gigawatts of TPU-based computing capacity by 2027; a subsequent Broadcom filing put that number at 3.5 gigawatts.
Google’s new investment expands that plan, as Google Cloud now provides 5 new gigawatts of capacity over the next five years, with room for growth.
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Anthropic’s valuation stood at $350 billion as recently as February; Investors since then have been eager to fund the company with $800 billion or more, according to Bloomberg. The company is reportedly considering an IPO as soon as October.
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