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Google will invest $10 billion in Anthropic at a $350 billion valuation, with an additional $30 billion contingent on performance targets, according to Anthropic. The deal includes expanded support for computing capacity via Google Cloud, which will provide 5 gigawatts over five years, with more possible. The partnership strengthens ties as both firms compete in AI, while Google is also a major supplier of TPUs and cloud services to Anthropic. Anthropic has raised additional funding from Amazon and is considering an IPO as early as October amid rapid growth of its Claude AI products.