Google Just Bet $40 Billion on Its Biggest Rival—Here’s Why

Google’s parent company, Alphabet, will provide an immediate infusion of $10 billion in cash at a valuation of $350 billion, The Wall Street Journal reported Friday afternoon. The remaining $30 billion is contingent on Anthropic achieving specific performance goals and will largely support a massive expansion of its computing capacity.

Google already has a 14 percent stake in Anthropic after investing more than $3 billion in the company since 2023, according to CNBC.

The unlikely collaboration marks the latest dramatic escalation in the ongoing battle for AI supremacy. It comes just days after Amazon announced it was also expanding its investment in Anthropic, the San Francisco-based AI safety and research company founded in 2021 by former OpenAI researchers Dario and Daniela Amodei.

Amazon, which first poured $8 billion into Anthropic three years ago, said it will invest $5 billion now and up to $20 billion more down the road.

“Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand,” chief executive officer Dario Amodei said in a statement.

That demand is being fueled by Anthropic’s pivot toward enterprise tools and coding assistants. Spurred by the success of its Claude Code agents and the pending introduction of the powerful Mythos model, the company’s run-rate revenue reportedly surpassed $30 billion this month, a nearly fourfold increase from $9 billion at the end of 2025.