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Google plans to invest up to $40B in Anthropic

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Re: Google plans to invest up to $40B in Anthropic

#31
post #17
post #7

Earlier quoted context omitted.

The puzzling thing is why Google would try to help with that. Aren't they competitors? Wouldn't they want their competitor to have problems? It's more understanding for Amazon or Microsoft to make such an investment, because they're not as competitive in the model space.

Deepmind is heavily using Claude. This could help secure computing power.

I'm not up to date, I think. How so?

Re: Google plans to invest up to $40B in Anthropic

#33

"The Alphabet subsidiary is committing to invest $10 billion now, at a $350 billion valuation for Anthropic, with another $30 billion to follow if Anthropic hits certain performance targets, according to Anthropic." this is insane. on the secondary market the valuation is 2-3x that. what gives?

Top of the book? Nobody on the secondary market is investing $30bn

Re: Google plans to invest up to $40B in Anthropic

#34

"The Alphabet subsidiary is committing to invest $10 billion now, at a $350 billion valuation for Anthropic, with another $30 billion to follow if Anthropic hits certain performance targets, according to Anthropic." this is insane. on the secondary market the valuation is 2-3x that. what gives?

That's the last round they raised at. They had other offers from VCs at ~850B they rejected. Seems like may have been in works since that last round was being raised and just finished paperwork?

Re: Google plans to invest up to $40B in Anthropic

#35
post #28

I consider them competitors… This reminds me of Microsoft in 1997 investing $150 million in Apple, saving it from near bankruptcy

It just keeps the lights on for the whole industry.

The tech is great but valuations are out of control. It's cheaper to keep valuations high through these circular financing deals, rather than to allow for any deflation.

Re: Google plans to invest up to $40B in Anthropic

#37
post #28

I consider them competitors… This reminds me of Microsoft in 1997 investing $150 million in Apple, saving it from near bankruptcy

googles multiple businesses and gemini isn't the largest one.

anthropic is the anchor external customer of tpu's and nvidia is worth more than all of google. If tpu's actually breakout as a viable alternative over the next few years for multiple clients the business could easily be worth as much as search, maybe more.

Re: Google plans to invest up to $40B in Anthropic

#38
post #28

I consider them competitors… This reminds me of Microsoft in 1997 investing $150 million in Apple, saving it from near bankruptcy

Anthropics erratic behavior is going to get Google regulated. This is "don't rock the boat" money. Google existentially needs AI for advertising.

Re: Google plans to invest up to $40B in Anthropic

#39
post #28

I consider them competitors… This reminds me of Microsoft in 1997 investing $150 million in Apple, saving it from near bankruptcy

Google is right (I think) to invest in winning compute share from Nvidia over winning token share from other frontier model builders.

Re: Google plans to invest up to $40B in Anthropic

#40
post #32

Earlier quoted context omitted.

> your TDS Wat?

He thinks you insulted his daddy somehow and is having a temper tantrum about it.

I feel like there should be a rule on any forum that if somebody non-ironically uses “TDS” they should just get permabanned by a bot with no explanation.
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