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Google Pledges Up to $40 Billion for Anthropic, Plus 5 GW of Compute

The pact reflects a race to lock down scarce AI compute capacity.

Overview

  • Alphabet’s deal, confirmed Friday, commits $10 billion now at a reported $350–$380 billion valuation with up to $30 billion more tied to performance milestones.
  • Google Cloud will supply about five gigawatts of processing capacity over five years, giving Anthropic long-term access to TPUs, Google’s custom chips for training and running large AI models.
  • The investment lands days after Amazon expanded its tie-up by adding $5 billion now with an option to invest up to $20 billion more, alongside plans to use Amazon’s Trainium chips.
  • Anthropic says its annualized revenue has surpassed $30 billion, driven by fast enterprise uptake of Claude Code and related tools for writing and shipping software.
  • Secondary-market trades on platforms such as Forge Global have printed valuations near $1 trillion for Anthropic, far above the $380 billion mark reported for February’s funding round.