Alphabet (GOOGL) to Invest $40 Billion in Anthropic AI Deal

Alphabet (GOOGL) plans to invest up to $40 billion in Anthropic, starting with an initial $10 billion at a $350 billion valuation. The investment includes dedicating 5 gigawatts of computing capacity to Anthropic. This move occurs as Alphabet prepares to spend $185 billion on capital expenditures this year. The investment could significantly impact Alphabet's cash on hand since it follows a $32 billion acquisition of cybersecurity firm Wiz, raising questions about the firm's liquidity.