Benzinga·2025-11-06 10:34Group 1 - Alphabet's Google is considering a significant increase in its investment in the AI startup Anthropic, with potential valuation exceeding $350 billion [1][2] - The specifics of the deal are still under negotiation and may involve various forms such as strategic investment, convertible notes, or a priced funding round scheduled for early next year [2][3] - Anthropic aims to nearly triple its annualized revenue by next year, targeting over $20 billion in a base scenario and up to $26 billion in a best-case scenario [4] Group 2 - Google invested over $1 billion in Anthropic in January 2025, and Anthropic plans to expand its use of Google Cloud technologies, a deal worth "tens of billions" [3] - Alphabet reported a 16% rise in third-quarter revenue, with Google Cloud generating $15.2 billion, a 34% increase from Q3 2024, highlighting the company's focus on AI infrastructure [6] - Year-to-date, Alphabet's stock surged 49.37%, closing at $284.75, reflecting strong performance in quality and momentum [7]