Alphabet Inc. is set to invest up to $40 billion in Anthropic, according to a Bloomberg report. This will mark one of the largest funding commitments in the fast-escalating global AI race. The move deepens Alphabet’s ties with Anthropic even as the two compete in advanced artificial intelligence development. The report said Alphabet has committed an initial $10 billion in cash at a $350 billion valuation. An additional $30 billion investment is contingent on Anthropic meeting performance milestones and expanding its computing capacity, according to the report.