Google plans to invest up to $40 billion in AI company Anthropic, committing $10 billion immediately and up to $30 billion more if Anthropic meets certain performance targets, according to Bloomberg. The deal, announced in April 2026, values Anthropic at $350 billion — though investors have more recently sought to back the company at $800 billion or more.
The investment expands an existing infrastructure relationship between the two companies. Google Cloud will provide Anthropic with 5 gigawatts of computing capacity over the next five years, with room to scale further. Anthropic relies heavily on Google Cloud for chips and infrastructure, including access to Google’s tensor processing units (TPUs), specialized processors designed for AI workloads.
The deal follows a series of infrastructure moves by Anthropic in recent weeks. The company struck a data center capacity agreement with cloud provider CoreWeave and secured an additional $5 billion investment from Amazon, part of a broader agreement under which Anthropic is expected to spend up to $100 billion for around 5 gigawatts of compute capacity over time. Earlier in April, Anthropic also announced a partnership with Google and chipmaker Broadcom to access multiple gigawatts of TPU-based capacity beginning in 2027, with a subsequent Broadcom securities filing placing that figure at 3.5 gigawatts.
The flurry of deals comes as Anthropic has faced widespread complaints about usage limits on its Claude AI models, and as the broader AI industry scrambles to secure the computing resources needed to train and deploy large-scale systems. Rival OpenAI has pursued a similar strategy through multi-hundred-billion-dollar deals spanning cloud providers, chip suppliers, and energy, including an expanded agreement with chipmaker Cerebras in April 2026.
Anthropic also recently released its latest model, Mythos, to a limited group of partners. The company describes Mythos as its most powerful model to date, with significant cybersecurity applications. Due to concerns about potential misuse — and reports that the model has already reached unsanctioned hands — Anthropic has restricted broader access while it works with select organizations to evaluate and address associated risks.
Despite being a direct competitor in AI models, Google serves as a key infrastructure supplier to Anthropic. Anthropic is also reportedly considering an IPO as soon as October 2026.
Source: TechCrunch