GOOGLE'S BIG BET ON ANTHROPIC—WITH STRINGS ATTACHED
Google owns 14% of Anthropic but has no say in how it runs—no board seats, no voting rights, nothing. Still, it’s doubling down, set to invest another $750 million in September through convertible debt. That brings its total investment past $3 billion. But there’s a cap: Google can’t own more than 15%. It’s a high-stakes game, with Google betting big while staying on the sidelines.