May 16, 2026
Google Cloud unveiled a $750 million fund to help consulting firms including McKinsey, Accenture, and Deloitte bring agentic AI solutions to their enterprise clients, part of Google's broader push into enterprise AI agent platforms.
Investors who backed both companies told Financial Times that justifying OpenAI's recent funding round required assuming an IPO valuation of $1.2 trillion or more, while Anthropic's current $380 billion valuation appears more sustainable, causing some OpenAI investors to have second thoughts.