It is called Anthropic and it is going to pay you 200,000 million, according to The Information
Anthropic has agreed to pay Google about $200 billion over five years for more computing power, according to has published The Information. The figure would thus place the AI startup as Google Cloud’s largest individual client, representing more than 40% of the backlog of earnings that Alphabet communicated to its investors last week. From commitment to commitment. A revenue backlog reflects contractual commitments already signed by a cloud provider’s customers. That Anthropic occupies more than 40% of Google Cloud says a lot about the extent to which the startup has become a structural piece of Alphabet’s business. There is also another nuance to highlight: that large AI companies like Anthropic or OpenAI still need the hyperscalers to continue growing, so in this sense, both Microsoft and Google can afford not to have the best AI models as long as they receive such an amount of income from offering such computing capacity. What the agreement consists of. According to they count In The Information, the pact, signed in April, includes massive capacity of TPUs (Google’s own AI chips), supplied in collaboration with Broadcom. However, this infrastructure will not be ready after 2027. Anthropic, for its part, not only works with Google hardware, since also uses Trainium chips from Amazon and Nvidia GPUs, playing its cards well to diversify suppliers and not depend on a single company that supplies computing capacity. The now classic circular financing. Alphabet has been investing in Anthropic for years: first it was $300 million in 2023, then another 2 billionafter 1 billion more in 2025. A few days ago we also discovered an investment of up to 40,000 million additional payments by Google, of which 10 billion would be disbursed immediately and the rest would be conditional on objectives met. In exchange, Google Cloud will provide an additional 5 gigawatts of computing capacity. This way, Google invests in Anthropic and Anthropic spends that money in Google. Is called circular financingand it is the key to how the foundations of AI are made of promises. According to account In the middle, the contracts signed between large cloud providers (Amazon Web Services, Microsoft Azure, Google Cloud) and startups like Anthropic and OpenAI already add up to more than two billion dollars in committed backlogs. Hyperscalers invest in AI startups and AI startups spend that money on the infrastructure of those same hyperscalers. Anthropic can’t afford it… and yet they do it. Estimates suggest that Anthropic’s server costs could reach 20 billion dollars only in 2026. The company is not yet profitable, but demand for its model family Claude continues to grow strongly in the business segment, which forces it to secure long-term computing capacity before infrastructure shortages prevent it from doing so. The agreement with Google adds to another recent one with CoreWeave and the forecast of securing almost a gigawatt of additional capacity through Amazon chips before the end of the year. Almost symbiotic relationship. Alphabet is at a time of maximum competitive pressure in AI. Your cloud business grew by 36% last year, and Anthropic is one of its most intensive clients. Losing that relationship, or seeing it migrate to other providers like AWS, would be a significant blow. Furthermore, with an Anthropic valuation that Bloomberg situates around 800,000 million dollars, and with a possible IPO Before the year is out, Google’s accumulated stake in the company could become one of its most valuable financial assets. It is not just infrastructure: it is also a capital bet. Cover image | Wikimedia and Fortune Brainstorm Tech In Xataka | If at some point NVIDIA has to choose between giving its best chips to the US or China, its choice is very clear.