Google rises on report of deal with Anthropic for AI compute “valued in the high tens of billions”

Alphabet is rebounding from Tuesday’s OpenAI-induced drubbing thanks to a Bloomberg report published after yesterday’s close that it’s in talks to provide AI compute to Anthropic in a deal “valued in the high tens of billions of dollars.”

Citing people familiar with the matter, Bloomberg reports discussions are said to be in early stages and would see Google providing cloud computing services to the developer of Claude, including the use of its AI chips for machine learning purposes.

This is yet another one for the “circular deals” AI file: the tech giant reportedly holds a 14% stake in Anthropic.

Also of note: Amazon, which is also an Anthropic investor and supplier, took a dip on this report.

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