Alphabet’s 14% stake in AI firm Anthropic could gain $28.7 billion in value if the startup lists at a $1 trillion valuation.
Alphabet holds a 14% stake in Anthropic, the AI startup behind Claude, following investments totaling $40.3 billion. The latest funding round valued Anthropic at $965 billion, with potential for a $1 trillion IPO in coming months.
In Q1 2026, Alphabet reported $62.6 billion in profit, with $28.7 billion from investment gains, primarily tied to its Anthropic holdings. The company has committed an additional $30 billion pending performance milestones.
Anthropic’s confidential S-1 filing suggests a near-term public listing, which could further boost Alphabet’s investment returns amid its $4 trillion market capitalization.