Alphabet Eyes $40B Anthropic Investment Starting with $10B Cash

Alphabet is planning a up to $40 billion investment in AI startup Anthropic, kicking off with $10 billion cash at a $350 billion valuation, as reported on April 27. The story broke on April 24 via Bloomberg, detailing $10 billion upfront and $30 billion contingent on milestones, plus Google Cloud's 5GW compute commitment over five years. This follows Amazon's $5 billion pledge (up to $25 billion more), amid Anthropic's revenue run-rate surging to $30 billion from $9 billion end-2025, lifting Alphabet shares 1.2% and fueling AI sector optimism.