The risks are different, but there's no getting around that the value of any investment is based on future cash flows and that's speculating about the future.
To the extent that Google and Anthropic are competing for AI business, Google is somewhat hedged against Anthropic winning market share. They still get data center revenue and they own equity, so that’s a consolation prize.
On the other hand, it’s increasing Google’s investment in AI, in general.
To the extent that Google and Anthropic are competing for AI business, Google is somewhat hedged against Anthropic winning market share. They still get data center revenue and they own equity, so that’s a consolation prize.
On the other hand, it’s increasing Google’s investment in AI, in general.