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00:02Alphabet plans to invest up to $40 billion in Anthropic,
00:06including an initial $10 billion at a $350 billion valuation,
00:12with up to $30 billion tied to performance milestones,
00:15according to the Wall Street Journal.
00:17Anthropic has secured up to $65 billion in new funding commitments
00:21as it competes with OpenAI ahead of a potential IPO.
00:25The company expanded partnerships with Google and Broadcom
00:28to add multiple gigawatts of TPU chip capacity.
00:31It also strengthened ties with Amazon,
00:33which is investing $5 billion as part of a commitment
00:36that could reach $25 billion.
00:39Anthropic said its revenue run rate reached $30 billion,
00:43up from about $9 billion at the end of last year.
00:45For all things money, visit Benzinga.com.
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