Google has struck a deal to invest up to $40bn in Anthropic, including $10bn upfront, as the search giant steps up its support for the start-up, which is racing to acquire enough computing power to sustain its growth.
Despite offering its own rival Gemini AI models, Google has committed to invest $10bn in Anthropic at its $350bn pre-money valuation.
A further $30bn investment will come in the future, contingent upon Anthropic meeting certain performance milestones, the start-up said without specifying what those criteria are.
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