NEW YORK CITY (VINnews) – Google plans to invest $10 billion in Anthropic, the artificial intelligence company behind the Claude chatbot, at a $350 billion valuation, with the potential for an additional $30 billion if performance targets are met, the startup announced Friday.

The investment strengthens ties between Alphabet Inc.’s Google and Anthropic, which are partners in cloud computing and AI infrastructure but also competitors in the race to develop advanced AI models. Anthropic said the initial $10 billion cash infusion comes at the same pre-money valuation as its February funding round.

A further $30 billion could follow contingent on Anthropic hitting certain milestones, and the deal includes support for expanding the startup’s computing capacity, according to the announcement.

Bloomberg reporter Shirin Ghaffary, who covers AI, discussed the drivers behind the move on “Bloomberg Tech” with host Ed Ludlow. The segment highlighted surging demand for AI infrastructure and Anthropic’s rapid revenue growth amid intense competition with rivals like OpenAI.

Anthropic, founded in 2021 by former OpenAI executives including CEO Dario Amodei, has seen its valuation soar in recent rounds. It previously raised funds at lower valuations, including around $183 billion in late 2025. Google already held a stake in the company through prior investments totaling about $3 billion.

The deal comes as the AI sector attracts massive capital amid breakthroughs in generative models and enterprise adoption. Anthropic has reported strong revenue run rates in recent months, fueled by demand for its Claude models in coding, research and business applications.

No immediate comment was available from Google on the investment’s impact on its balance sheet or strategic AI plans. Anthropic has partnerships with other tech giants, including Amazon, but continues to deepen its Google Cloud relationship for compute resources.

Shares of Alphabet were little changed in Friday trading. The investment underscores Wall Street’s continued enthusiasm for AI leaders despite high valuations and regulatory scrutiny.