Google's $40 billion Anthropic move is Big Tech's latest huge AI bet

Google will invest $10 billion in Anthropic, with the potential for an additional $30 billion—days after Amazon announced its own massive investment. Google is now committing a $10 billion cash investment at a $350 billion valuation for Anthropic. This expands the deal between Anthropic, Broadcom, and Google to access additional compute capacity. Both Amazon and Google have been big backers of Anthropic, despite their own AI efforts. Amazon recently announced its own $5 billion investment into Anthropic (with the option for up to $20 billion more), deepening its stake. The deals come as OpenAI is positioning compute as the decisive factor in winning the AI race.