googles multiple businesses and gemini isn't the largest one.

anthropic is the anchor external customer of tpu's and nvidia is worth more than all of google. If tpu's actually breakout as a viable alternative over the next few years for multiple clients the business could easily be worth as much as search, maybe more.

If I remember correctly, Microsoft allegedly did that for the very selfish reason of looking better in terms of being a monopoly.

> Microsoft in 1997 investing $150 million in Apple, saving it from near bankruptcy.

If only Apple could pass the favor forward. But no, they can't be bothered to invest even a single million in Asashi Linux to benefit their own hardware.

Google is right (I think) to invest in winning compute share from Nvidia over winning token share from other frontier model builders.

They are, but Google Vertex has been one of the official ways to use Claude since forever.

They already had a non trivial stake in Anthropic though?

It just keeps the lights on for the whole industry.

The tech is great but valuations are out of control. It's cheaper to keep valuations high through these circular financing deals, rather than to allow for any deflation.

Anthropics erratic behavior is going to get Google regulated. This is "don't rock the boat" money. Google existentially needs AI for advertising.