UPDATE 1-Google plans to invest up to $40 billion in Anthropic, Bloomberg News reports

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- Google-parent Alphabet GOOGL.O will invest $10 billion in AI startup Anthropic, with another $30 billion potentially to follow, Bloomberg News reported on Friday.

Google is committing $10 billion now in cash at a $350 billion valuation and will invest a further $30 billion if Anthropic meets performance targets, the report said.

Google and Anthropic did not immediately respond to Reuters' requests for comment.

The report comes just days after Anthropic announced a fresh $5 billion investment from tech giant Amazon AMZN.O with up to an additional $20 billion in the future, underscoring the surge in interest in the creator of Claude.