According to reports, Google is planning to increase its investment in Anthropic, a competitor to OpenAI, with the company's valuation potentially exceeding $350 billion.

Odaily Planet Daily reports that sources have revealed Google is currently in preliminary discussions to significantly increase its investment in AI startup Anthropic. Media outlets suggest that after a new funding round, Anthropic’s valuation could exceed $350 billion. The sources added that this potential new agreement is still under negotiation and could take various forms, including a priced funding round early next year, issuing convertible bonds, or strategic investments—such as Google providing more cloud computing services to Anthropic.

A few weeks ago, the two companies announced an agreement under which Google would supply up to 1 million dedicated AI chips to the emerging AI company Anthropic PBC. This arrangement provides Anthropic with stronger computing power support and consolidates Google’s position as a major investor and key infrastructure provider, helping to expand its lead in the increasingly intense AI model arms race. (Jin10)