Anthropic announced that Alphabet’s (GOOGL) (GOOG) (GOOG, GOOGL) Google will invest $10B now in cash at a $350B valuation, and will invest another $30B if Anthropic hits performance targets, Julia Love and Shirin Ghaffary of Bloomberg report. Anthropic is a major customer of Google’s chips and cloud services, Bloomberg points out. Shares of Alphabet are up 1% to $343.52 following the report.
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