Google and Amazon back Anthropic $70B+

Alphabet agreed on April 24 to invest up to $40 billion in Anthropic, the Claude maker, in a deal that adds cash and Google Cloud compute. (msn.com) The Google package starts with a reported $10 billion investment and could rise by another $30 billion if Anthropic hits performance milestones. Reports on the deal also said Google will provide 5 gigawatts of computing capacity over five years. (msn.com) (techrepublic.com) Amazon moved four days earlier. On April 20, Amazon said it would invest $5 billion immediately and up to $20 billion more in the future, on top of the $8 billion it had already put into Anthropic. (aboutamazon.com) (anthropic.com) Amazon and Anthropic also expanded their infrastructure pact. Anthropic said it will spend more than $100 billion on Amazon Web Services over 10 years and secure up to 5 gigawatts of Trainium and related capacity to train and run Claude. (anthropic.com) (aboutamazon.com) Those numbers explain why social posts are adding Google and Amazon’s backing together and arriving above $70 billion. On announced terms, the combined total is as high as $73 billion in equity commitments before putting a dollar value on the compute. (msn.com) (aboutamazon.com) The cloud angle is as important as the cash. Anthropic said Claude remains available across Amazon Web Services, Google Cloud, and Microsoft Azure, even as Amazon is its primary training and cloud provider for mission-critical workloads. (anthropic.com) (aboutamazon.com) Anthropic has been raising money at a pace that matches those infrastructure needs. The company said on February 12 that it raised $30 billion in Series G funding at a $380 billion post-money valuation. (anthropic.com) In that February announcement, Anthropic said its revenue run rate had reached $14 billion, that more than 500 customers were spending over $1 million annually, and that eight of the Fortune 10 were Claude customers. (anthropic.com) Amazon has tied the partnership directly to product distribution as well as training capacity. The company said more than 100,000 customers run Claude models on Amazon Bedrock, and Anthropic said the full Claude Platform is coming directly into AWS accounts. (aboutamazon.com) (anthropic.com) The result is a financing picture that looks less like a single venture round and more like a long-term supply agreement for power, chips, and cloud access. Anthropic is taking capital and compute from two of the biggest cloud companies at the same time to keep Claude growing. (anthropic.com) (msn.com)