Google is committing to invest $10 billion in Anthropic at a $350 billion valuation.\n<\/p>\n
Google will put in another $30 billion on top of the $10 billion it plans to invest in Anthropic if it achieves certain performance targets.Separately, Google and Microsoft are among the tech companies seeking to secure their computing power in SoftBank\u2019s under-construction data center in the U.S.Earlier today, Meta said it will deploy Amazon\u2019s AWS Graviton chips across its data centers under a \u201cmultibillion-dollar\u201d agreement.<\/p>\n
Google parent Alphabet Inc. (GOOG, GOOGL) is reportedly set to invest up to $40 billion in artificial intelligence company Anthropic.<\/p>\n
According to a Bloomberg report on Friday, the tech giant is committing to invest $10 billion now in cash at a $350 billion valuation, and will put in another $30 billion down the line if Anthropic achieves certain performance targets.<\/p>\n
Separately, a Nikkei report on Friday said that Google and Microsoft (MSFT) will participate in bidding to select clients for a data center SoftBank Group is building in the U.S., with a decision expected as early as this month.<\/p>\n
Google, Microsoft, and other cloud giants are participating in the bidding process to select one or more operators. Tech giants such as Nvidia (NVDA), Meta (META), and OpenAI are also candidates, the report stated.<\/p>\n
U.S. tech giants are in the news this week for major announcements on artificial intelligence, reflecting a collaborative effort to bring online the necessary computing power as demand for it soars.<\/p>\n
On Monday, Anthropic struck a deal with Amazon (AMZN) to secure up to five gigawatts of compute capacity for training and deploying Claude, its software coding AI. Anthropic is also committing more than $100 billion over the next ten years to AWS technologies.<\/p>\n
On Wednesday, Google CEO Sundar Pichai showed off the eighth-generation Tensor Processing Unit (TPU) chips designed for AI model training, which boasted specifications so impressive that Tesla CEO Elon Musk chimed in on X to acknowledge them.<\/p>\n
Other \u201cMagnificent 7\u201d peers have also been creating a lot of buzz. Earlier on Friday, Meta said it will deploy Amazon\u2019s AWS Graviton chips across its data centers under a \u201cmultibillion-dollar\u201d agreement.<\/p>\n
Four out of the seven Mag-7 stocks, Microsoft (MSFT), Tesla (TSLA), Apple (AAPL), and Meta (META), have underperformed the benchmark S&P so far this year.<\/p>\n
For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
Read Next:\u00a0Meta Taps Amazon\u2019s Graviton Chips To Power AI Buildout \u2013 Raises Stakes Ahead Of Earnings Next Week<\/a><\/p>\n
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