Alphabet's $40B Anthropic Bet Called 'Screaming Bargain' as Google Ups Stake

Analysts praise Alphabet's up to $40 billion Anthropic investment—including $10 billion upfront at a $350 billion valuation and 5GW TPU compute—as a steal below 12x $30 billion revenue run-rate, amid plans to add another $10 billion. Reports broke April 24 with $10 billion initial commitment tied to performance milestones, sparking 1.4% share gains despite $185 billion capex and $32 billion Wiz strains. Coverage evolved over the weekend to highlight revenue surge from $1 billion (2024) to $30 billion, bolstering Google Cloud synergies and AI optimism in a $300 billion Q1 VC boom.