Alphabet plans to invest up to $40 billion in Anthropic, expanding their partnership as the companies compete in AI.

On April 24, 2026, Bloomberg reported that Alphabet Inc. (NASDAQ:GOOGL) plans to invest up to $40 billion in Anthropic. Anthropic said the agreement builds on an existing relationship, with Google already providing access to its Claude models through Google Cloud.

On April 22, 2026, ServiceNow and Google Cloud announced an expanded partnership introducing AI agents (autonomous AI systems) designed to enable more autonomous operations across areas such as 5G networking, retail, and IT systems.

On April 22, 2026, BMO Capital raised its price target on Alphabet Inc. to $410 from $400 and maintained an Outperform rating, citing Alphabet's positioning across the AI stack and web traffic data suggesting accelerating year-over-year growth in visits to Google.com supported by integration of AI features in search.