Anthropic Commits $200 Billion to Google Cloud in Five-Year Infrastructure Deal

Anthropic has committed to spend $200 billion with Google Cloud over five years, according to reporting by The Information published May 5, 2026. The deal covers multiple gigawatts of compute capacity powered by Google's next-generation Tensor Processing Units (TPUs), custom chips co-developed with Broadcom. The TPU supply is expected to come online starting in 2027. Neither Anthropic nor Google has officially confirmed the $200 billion figure.

Scale in Context

Google Cloud disclosed a revenue backlog that nearly doubled quarter-over-quarter in Q1 2026 to over $460 billion. The reported $200 billion Anthropic commitment would represent more than 40% of that backlog — an extraordinary concentration for a single customer. Anthropic signed an initial agreement with Google and Broadcom in April for multiple gigawatts of TPU capacity.

Strategic Shift: From Portfolio Company to Largest Customer

Google has backed Anthropic with more than $3 billion since 2023. This deal marks a pivot: Anthropic moves from being a portfolio company to Google Cloud's single largest customer. Anthropic CEO Dario Amodei stated that the company's annualized revenue grew 80-fold year-over-year in Q1 2026 — scale that makes large compute commitments credible.

Ecosystem Implications

The agreement benefits Google Cloud's financial outlook and Broadcom's ASIC revenue. It also raises questions about supply chain concentration, with Anthropic channeling its primary compute spend through a single provider. Full coverage: Yahoo Finance, Engadget.