Anthropic may be getting another Big Tech check… and this one comes with compute attached. Google is readying an investment that could reach $40 billion, according to Bloomberg.
The deal would add more financial firepower behind Claude as AI companies race to secure the infrastructure needed to train and run their models. It also puts Google deeper into Anthropic’s growth story as spending on AI megadeals keeps climbing.
Google starts with $10B on the table
The investment would reportedly begin with $10 billion in cash, valuing Anthropic at $350 billion. That matches the valuation Anthropic reached in a February funding round, before the latest money is counted.
The full figure depends on what happens next. Google could add another $30 billion if Anthropic hits certain performance targets, bringing the deal to a potential $40 billion commitment.
Anthropic also raised $30 billion in February, adding to a fast-growing funding haul around the company in a crowded AI market.
Much of that attention is tied to Claude’s recent momentum, including the breakout success of Claude Code with software engineers. Anthropic is raising at scale while demand for its products is moving just as quickly.
Compute is part of the package
The agreement also gives Anthropic access to a much larger pool of Google Cloud infrastructure. Google Cloud will provide 5 gigawatts of computing capacity to Anthropic over the next five years, with several more gigawatts potentially to follow.
That capacity is a key piece of the deal because advanced AI models and coding agents need enormous amounts of compute to train, run, and improve.
The specific compute mix was not detailed, but Google already has a major AI chip business through its TPUs. It recently added to that lineup with TPU 8t and TPU 8i, two eighth-generation chips designed for large-scale training, inference, and agentic workloads.
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Google is not the only giant writing checks
Amazon also expanded its partnership with Anthropic last week, committing another $5 billion upfront, with the option to invest up to $20 billion more. That would bring Amazon’s latest package to as much as $25 billion, adding to the billions it had already put behind Anthropic.
The Amazon deal has a similar cash-and-compute shape. Anthropic is set to secure up to 5 gigawatts of capacity from current and future Amazon Trainium chips, while Claude becomes more deeply available through AWS.
Anthropic’s fundraising story is becoming an infrastructure story, with cloud giants competing to supply the fuel behind Claude.
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