Google commits $10B to Anthropic with up to $30B more tied to AI startup performance targets

Google will invest $10 billion in Anthropic at a $350 billion valuation, matching the AI startup’s February valuation before the new funding. Anthropic says Google may add another $30 billion if performance targets are met and will help expand its computing capacity.

The deal deepens Google’s ties to Anthropic while preserving the complicated dynamic of being both partner and competitor in frontier AI. It also shows how access to capital and compute is becoming a key battleground as leading AI labs race to scale models and infrastructure.