Comment by voncheese

Not directly related to the valuation question you asked, but for Google there's a lot of value in getting as much Anthropic workload to run on their hardware as possible. The value comes from getting the insights and learnings of running these workloads, especially when they run on custom Google hardware. That hardware will get better as a result and increase the likelihood that Google has world class AI hardware in the future.

I can't say with any confidence that the $40B is a reasonable amount to pay for that value, but it doesn't seem unreasonable over a multi year time horizon given the stakes.