Google to Invest Up to $40 Billion in Anthropic with Expanded Cloud Agreement

April 25, 2026
Google will invest up to $40 billion in Anthropic, starting with $10 billion in cash at a $350 billion valuation, according to Bloomberg. The deal includes expanded cloud capacity over the next five years through Google Cloud.

Google will invest up to $40 billion in Anthropic, starting with $10 billion in cash at a $350 billion valuation, according to Bloomberg. The agreement includes an additional $30 billion contingent on Anthropic meeting performance targets and expands the companies' existing cloud partnership.

Under the arrangement, Google Cloud will provide Anthropic with 5 gigawatts of computing capacity over the next five years, with potential for further increases. This builds on a previous deal between Anthropic, Google, and Broadcom for TPU-based computing capacity.

Anthropic has recently accelerated fundraising to support demand for its Claude Code and Cowork AI tools. The company also secured a $5 billion investment from Amazon earlier this month as part of a broader infrastructure agreement. The new funding and compute access from Google will help Anthropic expand its AI model training and deployment operations.

The two firms, both collaborators and competitors in artificial intelligence, have maintained close ties since Anthropic’s founding in 2021 by former Google researchers. Anthropic is reportedly considering an initial public offering as soon as October.

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