Google Backstops $35 Billion in Chip Leases for AI Startup Anthropic
By
Scott Carpenter, Aaron Weinman
Crisped on the outside, thoughtful enough on the inside.
Summary
Google is deepening its financial backing of AI startup Anthropic (creator of Claude) by underwriting lease payments for computer chips across five data centers, effectively supporting a $35 billion chip deal. This arrangement highlights the complex and intertwined business relationships among major tech companies investing heavily in artificial intelligence infrastructure.
Key quotes
· 3 pulledGoogle was one of Anthropic PBC's earliest investors, repeatedly buying equity in the artificial intelligence firm.
Now it's increasingly backstopping the financing that underpins data centers for the startup, underscoring the complex business ties among the handful of largest tech companies pouring money into AI.
Google, whose AI entries include Gemini, agreed to backstop lease payments at each location, helping Anthropic obtain what amounts to a $35 billion
You might also wanna read
Google plans up to $40B investment in AI firm Anthropic following release of cybersecurity-focused Mythos model
Google (Alphabet) plans to invest up to $40 billion in AI company Anthropic, with an initial $10 billion at a $350 billion valuation and an
techcrunch.com·1mo ago
Anthropic surpasses OpenAI in valuation after $65 billion funding round
Anthropic, the developer of the Claude AI assistant, has raised $65 billion in a Series H funding round led by Altimeter Capital, Dragoneer,
qazinform.com·10d agoAnthropic surpasses OpenAI in valuation after $65 billion funding round
Anthropic, the developer of the Claude AI assistant, has raised $65 billion in a Series H funding round led by Altimeter Capital, Dragoneer,
qazinform.com·10d agoAnthropic surpasses OpenAI in valuation after $65 billion funding round
Anthropic, the developer of the Claude AI assistant, has raised $65 billion in a Series H funding round led by Altimeter Capital, Dragoneer,
qazinform.com·10d ago
Anthropic Raises $13 Billion at $183 Billion Valuation After Rapid Revenue Growth
Anthropic, the AI startup behind Claude and a major competitor to OpenAI, has completed a $13 billion funding round, achieving a $183 billio
The Verge·9mo ago
Anthropic Partners with Google and Broadcom for Multi-Gigawatt AI Compute Capacity Expansion
Anthropic has signed a new agreement with Google and Broadcom to secure multiple gigawatts of next-generation TPU compute capacity expected
anthropic.com·2mo ago
Anthropic Launches $100 Million Claude Partner Network for Enterprise AI Adoption
Anthropic is launching the Claude Partner Network with a $100 million investment to support partner organizations in helping enterprises ado
anthropic.com·2mo ago
Anthropic Announces $50 Billion Investment for US AI Data Centers
Anthropic announces a $50 billion investment to build AI data centers in the United States, partnering with Fluidstack to establish faciliti
The Verge·7mo ago