Google has committed to investing up to $40 billion in Anthropic, the companies said on Friday, as the artificial intelligence startup accelerates its business behind the explosive growth of its software programming product Claude Code.
The deal is the latest in a series of huge investments the tech giants have made in top AI startups OpenAI and Anthropic. Last week, Amazon agreed to invest up to $25 billion in Anthropic.
Google is now investing $10 billion in cash at a $350 billion valuation, the same value Anthropic was valued at in February. The remaining $30 billion in cash will be invested when Anthropic meets certain milestones.
Google and Anthropic confirmed the investment commitment but declined to comment further.
Google and Amazon began backing Anthropic in its infancy and became two of its largest minority investors. Anthropic relies on Google and Amazon for the cloud computing it needs to build and run its Claude chatbot and coding systems. The start-up has also become one of the biggest users of the tech giants’ own artificial intelligence chips: tensor processing units, or TPUs, and Amazon Trainium.
The deals between Anthropic and the tech giants are examples of how cyclical deals have become critical to the AI boom powering the US economy. Google, Amazon, Microsoft and Nvidia have invested huge sums in Anthropic and OpenAI. In exchange for these start-ups, they buy chips and computing power from these investors.
As part of the latest investment, Google will provide five gigawatts of computing power to Anthropic starting in 2027, which is enough electricity to power all the homes in Minnesota. It could provide more computing power if needed.
The computer commitment could help Anthropic as it tries to build the infrastructure it needs to meet growing demand for its Claude Code. Companies sign up to use Anthropic’s coding and business tools to develop programs and applications. Its adoption shook long-standing software companies.
This month, Anthropic he said its annual sales rate exceeded $30 billion, up from $9 billion at the end of 2025.
(The New York Times sued OpenAI and its partner, Microsoft, for copyright infringement on news content related to AI systems. Both companies have denied the suit’s claims.)
Google has its own competing AI products. Gemini, its AI system, powers Google Search and a separate chatbot and research system that subscribers pay to use.
But Anthropic’s investment has helped Google secure demand for its growing cloud computing business. Last year, Google Cloud revenue rose 36 percent to $58.7 billion.
