Google is negotiating a funding round that could value AI startup Anthropic at $350 billion, nearly doubling its previous valuation. The deal might involve strategic investments, additional cloud services, or a convertible note. Google currently holds a 14% stake in Anthropic and recently secured a major deal for AI computing access.

Anthropic has partnered with Google to access up to one million Tensor Processing Units (TPUs) in a deal worth tens of billions of dollars, significantly expanding its AI compute capacity. The company, which has seen rapid revenue growth, leverages a multi-cloud architecture that includes partnerships with both Google and Amazon to optimize performance and cost, while maintaining control over its model and data.