Overview
- Business Insider reports Google is negotiating a deeper stake in Anthropic, with a source saying the round could value the startup at over $350 billion.
- Possible structures under discussion include expanded Google Cloud services, a convertible note, or a priced round targeted for early next year.
- The size of Google's commitment and the presence of other investors remain undecided, and both companies declined to comment.
- Google previously invested more than $3 billion for roughly 14% of Anthropic, after an October deal granting access to up to one million TPUs worth tens of billions of dollars.
- Anthropic continues a multi-cloud approach, citing Amazon’s $14 billion backing and AWS Trainium for primary training, while projecting annualized revenue of $20–$26 billion next year.