Google pledges up to $40B in cash and compute to Anthropic

Google said Friday it will invest up to $40 billion in Anthropic, deepening ties with the Claude maker even as the two companies compete in AI models. (cnbc.com) (usnews.com) Anthropic said Google is putting in $10 billion in cash now, with another $30 billion available if Anthropic meets performance targets. Reuters said the commitment values Anthropic at $350 billion in the deal announcement. (cnbc.com) (usnews.com) Google’s cloud unit already sells Anthropic’s Claude models and provides tensor processing units, or TPUs, Google’s in-house AI chips. CNBC said the new agreement expands that longstanding partnership. (cnbc.com) The financing lands four days after Anthropic and Amazon expanded their own alliance on April 20. Amazon said it will invest $5 billion immediately and up to another $20 billion later. (anthropic.com) (aboutamazon.com) In return, Anthropic committed to spend more than $100 billion on Amazon Web Services over 10 years and secure up to 5 gigawatts of capacity for training and running Claude. Amazon said that capacity will span Trainium and Graviton chips, with significant Trainium3 capacity expected this year. (anthropic.com) (aboutamazon.com) TechCrunch reported Anthropic also struck a separate Google-and-Broadcom arrangement earlier this month for TPU capacity beginning in 2027. A later Broadcom securities filing, cited by TechCrunch, put that figure at 3.5 gigawatts. (techcrunch.com) Reuters said Anthropic’s annualized revenue topped $30 billion this month, up from about $9 billion at the end of 2025. It also said the company raised $30 billion in February at a $380 billion post-money valuation. (usnews.com) Anthropic has been under pressure to add capacity fast as demand for Claude rises. CNBC said the company has been dealing with infrastructure strain, while TechCrunch pointed to recent complaints about Claude usage limits. (cnbc.com) (techcrunch.com) The result is a financing model that mixes equity, cloud contracts and chip access in the same package. By late April 2026, Anthropic had lined up fresh money from Google and Amazon while reserving years of compute for Claude. (cnbc.com) (anthropic.com)