Google plans to invest even more money into Anthropic

Google plans to invest up to $40B 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 $10B now at the company's current valuation, with an additional $30B on offer if Anthropic meets specific performance milestones.