Google would invest up to $40 billion in Anthropic to lead the AI market

Google would be planning to invest up to USD 40 billion to consolidate its position in the artificial intelligence market, according to Bloomberg.

The operation would contemplate an initial disbursement of USD 10,000 million in cash, with the possibility of adding an additional USD 30,000 million if Anthropic achieves its performance objectives.

The investment comes at a time when Anthropic is intensifying its fundraising after the success of Claude Code, an AI agent that accelerates software development and has become the go-to tool for Silicon Valley engineers, including some Google employees. If Anthropic achieves its performance goals, Google would inject an additional USD 30 billion on top of the initial USD 10 billion already committed.

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Anthropic’s Valuation and Funding Rounds

Anthropic was valued at USD 350,000 million in this round, the same figure assigned in a funding round held in February 2026, not including the funds recently raised. In April, the startup also announced a USD 5 billion investment from Amazon, with the option to inject an additional USD 20 billion.

In February, Anthropic raised USD 30 billion, and since then some investors have sought to back the company with a valuation of USD 800 billion or more. If Anthropic’s IPO materializes in October 2026, the company could reach a valuation exceeding the USD 800 billion that some investors already attribute to it. REUTERS/Annegret Hilse/File Photo

The Role of Google Cloud in Anthropic’s Expansion

Anthropic is one of Google’s most important customers for chips and cloud services, businesses that Alphabet Inc. seeks to expand as its main source of revenue — search engine advertising — matures. Within the framework of the agreement, Google Cloud would provide Anthropic with five gigawatts of computing capacity over the next five years, with the possibility of adding several more gigawatts.

For reference, one gigawatt is enough to supply about 750,000 homes in the United States. The agreement would be expanding an agreement announced in early April between Anthropic, Google and Broadcom Inc.

Google’s shares rose more than 1% after the plans were announced. If Google Cloud delivers on the five gigawatts of computing capacity promised over the next five years, Anthropic would have the infrastructure needed to scale its products globally. REUTERS/Annegret Hilse/File Photo

Google’s Chips as an Alternative to Nvidia

Google’s tensor processing units (TPUs) are positioned as one of the best alternatives to Nvidia’s chips, making them a scarce and valuable resource for Anthropic and other AI developers in a sector that demands enormous amounts of computing power. In 2025, Google announced that it would provide up to a million of its TPU chips to Anthropic in a deal valued at tens of billions of dollars, when the search giant had already invested about USD 3 billion in the startup.

Anthropic and Google Relationship

Anthropic CEO Dario Amodei worked at Google as an AI researcher at the beginning of his career. He founded Anthropic in 2021 along with a group of former OpenAI employees, and since then both companies have maintained a close relationship. Dario Amodei, CEO of Anthropic, began his career as an AI researcher at Google before founding the startup in 2021 with a group of former OpenAI employees. REUTERS/Denis Balibouse/File Photo

However, while Google would increase its investment in Anthropic, the two companies compete to develop an AI capable of matching human capabilities and bring their tools to companies in all sectors. In recent months, Google executives have expressed concern about the company’s position in the AI programming market, dominated by Anthropic, according to statements from current and former employees. You can also read

Risks and Controversies

Anthropic’s future is not without risks. The Pentagon classified it as a supply chain risk — a designation the company is currently challenging in court — following a dispute over the potential use of its technology by the U.S. military. Some financial analysts, according to the economic media, have also questioned the so-called circular agreements between the main providers of computing capacity and AI startups: tech giants invest in startups and, at the same time, sell them chips or data center capacity, which raises questions about the real solidity of these valuations. Anthropic is also considering a possible IPO in October 2026.