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Google plans to invest up to $40 billion into Anthropic in what could be viewed as a circular deal with the AI startup (and frequent competitor), Bloomberg reports. The search giant has invested in Anthropic at multiple points in the past, but this new investment comes after an announcement that the AI startup had signed a joint agreement with Google and Broadcom for "multiple gigawatts of next-generation TPU capacity."
According to Anthropic, Google is committing $10 billion now at the company's current valuation, with an additional $30 billion on offer if Anthropic meets specific performance milestones. Through Anthropic's existing commitment to use Google's TPUs (tensor processing units) and servers, Anthropic says Google will also provide 5 gigawatts of computing capacity in 2027.
If the structure of the deal and business relationship between Google and Anthropic sounds familiar, it might be because the AI startup recently announced something similar with Amazon. Earlier in April, Amazon announced that it would invest $5 billion in Anthropic, with an additional $20 billion in payments available if certain milestones were met. Anthropic also agreed to use Amazon's Trainium chips for its AI models.
The deals are another example of Anthropic's ability to burn through money — the company
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Microsoft Edge is a free web browser based on the Chromium Open Source project and other Open Source software. Anyone who's used Google Chrome will immediately feel right at home with the new Microsoft Edge since both browsers are based on Chromium. Currently, you'll need a 64-bit operating system. [License: Freeware | Requires:
11|10|8|7|Android|Linux|macOS | Size: Size Varies ]
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Bitcoin, the largest digital asset, extended its decline Saturday, and has now shed more than 50% from its record high in November.
Bitcoin's decline since hitting the record has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the aggregate crypto market. While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms for both, according to Bespoke Investment Group.
With the Fed's intentions rocking both cryptocurrencies and stocks, a dominant theme
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