Google agrees to invest up to $40 billion in Anthropic, $30 billion of it tied to milestones

Alphabet agreed to invest up to $40 billion in Anthropic. Google commits $10 billion now at a valuation of about $350 billion and another $30 billion only if Anthropic meets performance targets. The deal also supports a large expansion of Anthropic's compute, which runs through Google Cloud.

• Initial $10 billion commitment, with a further $30 billion tied to performance milestones
• Valuation of Anthropic cited at about $350 billion
• Google Cloud expected to provide significant computing capacity to Anthropic