Google Strikes Massive Cloud Deal With Anthropic Worth Tens Of Billions

Anthropic announced it will expand its use of Google Cloud technologies under a multi-year arrangement worth tens of billions that could give the company access to up to one million Google TPUs and is expected to bring well over 1 gigawatt of compute capacity online in 2026.

The deal comes as Anthropic's annualized revenue run rate has accelerated sharply, from roughly $5 billion in August to nearly $7 billion as of October 2025, making the company's internal target of about $9 billion by year-end appear plausible.

Anthropic continues to run a multi-cloud strategy: alongside Google's TPUs it still uses AWS Trainium capacity and NVIDIA GPUs to balance cost, performance and redundancy. Management says spreading workloads across providers helps stretch every compute dollar while avoiding single-vendor lock-in.

On the investor/backing side, Amazon remains Anthropic's largest backer (about $8 billion committed), while Google has invested roughly $3 billion to date, underscoring why both cloud providers are jockeying for expanded commercial relationships.

Product revenue is already a material contributor. Claude Code, Anthropic's coding assistant, has quickly become a sizable revenue stream; company statements and reporting put its run-rate in the hundreds of millions to nearly $1 billion, highlighting how product monetization is fueling the firm's explosive topline growth.

This collaboration is closer to Anthropic with Google Cloud, although it is not an exclusive one; it remains in the hands of Anthropic to control its models, prices, and customer information, despite the giant cloud service providers competing to host the AI-powered Claude.