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Google Invests $40B in Anthropic; Amazon Poised for $25B

4/27/2026

48 4 Full Breakdown

Summary

Google Invests Anthropic

Google plans to invest up to $40 billion in Anthropic, with $10 billion upfront and $30 billion tied to milestones.
The deal values Anthropic at about $350 billion, up to $380 billion, after Google has contributed over $3 billion since 2023.
Google will supply up to 5 GW of compute for five years and nearly 1 GW of compute with Amazon chips.
Amazon pledged $5 billion, able to increase its stake to $25 billion, a deal raising defense concerns.

Summary

Anthropic Revenue Surge

Anthropic's annualized revenue topped $30 billion this month, up from about $9 billion at the end of 2025.
The startup surpassed OpenAI in first-time enterprise user uptake.
Anthropic launched the Mythos model for vulnerability detection, prompting debate in the AI community.
The company is pursuing its own AI chips, joining Meta and OpenAI in chip projects.
Recent Cowork agent plugins triggered volatility in global software stocks.

History

Historical Context

In May 1997 IBM’s Deep Blue, a 30-processor RS/6000 supercomputer that evaluated 200 million chess positions per second, defeated world champion Garry Kasparov, marking the first match win by a computer. That milestone showed how massive compute could outpace human expertise, a pattern echoed today as Google and Amazon pour tens of billions into AI hardware.

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Google Invests Anthropic

Google plans to invest up to $40 billion in Anthropic, with $10 billion upfront and $30 billion tied to milestones.
The deal values Anthropic at about $350 billion, up to $380 billion, after Google has contributed over $3 billion since 2023.
Google will supply up to 5 GW of compute for five years and nearly 1 GW of compute with Amazon chips.
Amazon pledged $5 billion, able to increase its stake to $25 billion, a deal raising defense concerns.

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