Alphabet subsidiary Google plans to invest up to $40 billion in AI firm Anthropic, committing $10 billion initially at a valuation of $350 billion. The investment is contingent on Anthropic meeting certain performance targets.
The move comes after Anthropic released its latest model, Mythos, which has significant cybersecurity applications but has also fallen into unsanctioned hands due to potential misuse.
Anthropic has been scrambling to secure infrastructure deals amid complaints about Claude use limits. The company recently struck a deal with cloud computing provider CoreWeave and secured an additional $5 billion investment from Amazon.
The new Google investment expands Anthropic's access to Google Cloud's tensor processing units (TPUs), which are specialized chips designed for AI workloads. The partnership is expected to provide 5 gigawatts of compute capacity over the next five years, with room to scale further.
Anthropic's valuation has risen significantly since February, with investors eager to back the company at $800 billion or more. The company is reportedly considering an IPO as soon as October.