Google Invests Up to $40B in Anthropic — $350B Valuation and 5GW Cloud Capacity

Initial $10 billion investment at $350 billion valuation, with additional $30 billion commitment upon achievement of performance milestones. Google commits 5GW of cloud capacity over five years. Anthropic's ARR surged from $1 billion at end-2024 to $9 billion by end-2025 and reached $30 billion by early April 2026, with a potential $900 billion valuation round in negotiation.