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Google plans to invest up to $40 billion into Anthropic in what could be viewed as a circular deal with the AI startup (and frequent competitor), Bloomberg reports. The search giant has invested in Anthropic at multiple points in the past, but this new investment comes after an announcement that the AI startup had signed a joint agreement with Google and Broadcom for "multiple gigawatts of next-generation TPU capacity."
According to Anthropic, Google is committing $10 billion now at the company's current valuation, with an additional $30 billion on offer if Anthropic meets specific performance milestones. Through Anthropic's existing commitment to use Google's TPUs (tensor processing units) and servers, Anthropic says Google will also provide 5 gigawatts of computing capacity in 2027.
If the structure of the deal and business relationship between Google and Anthropic sounds familiar, it might be because the AI startup recently announced something similar with Amazon. Earlier in April, Amazon announced that it would invest $5 billion in Anthropic, with an additional $20 billion in payments available if certain milestones were met. Anthropic also agreed to use Amazon's Trainium chips for its AI models.
The deals are another example of Anthropic's ability to burn through money — the company
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Patio season is coming up in much of the world, but living in a smaller apartment shouldn't stop you from enjoying a good steak at home. At the same time, most indoor cooking devices make you choose between convenience and real grilled flavor. Cozytime Lumo attempts to offer both by combining infrared cooking with AI automation that always picks the ideal settings for different foods.
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Amazon this week announced plans to acquire Globalstar, the satellite company that powers Apple's satellite features on the iPhone 14 and newer and the Apple Watch Ultra 3. In turn, Amazon announced that it has signed an agreement with Apple to provide satellite connectivity for current and future iPhone and Apple Watch features.
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