Anthropic gives Google an option to buy up to $10 billion in Class N stock

Anthropic has granted Google an option to purchase up to $10 billion of its Class N stock, deepening the search giant's stake in one of the leading AI startups. The arrangement, reported by Crypto Briefing, signals a tightening alliance between Anthropic and Google as competition for AI market share intensifies among major tech players. Class N shares typically carry specific rights or valuation terms, and the option structure gives Google a path to expand ownership without an immediate cash outlay. The deal could reshape investment dynamics in the AI sector, where cloud providers increasingly secure model access through equity positions in labs like Anthropic. Investors will be watching for whether Google exercises the option, the valuation attached to Class N shares, and any corresponding shifts in Anthropic's relationships with other backers such as Amazon.