Anthropic reportedly commits to spend $200 billion with Google Cloud over five years for AI infrastructure

The Information reported that AI specialist Anthropic has committed to spend roughly $200 billion with Alphabet's Google Cloud over five years, beginning in 2027, though neither company has confirmed the figure. If accurate, this would account for more than 40% of the cloud backlog Alphabet disclosed in its most recent quarterly results.

In April, Anthropic officially announced a new agreement with Google and Broadcom for multiple gigawatts of next-generation TPU (Google's custom-built AI accelerators) capacity expected to start coming online in 2027. Anthropic disclosed its run rate revenue had crossed $30 billion, up from roughly $9 billion at the end of 2025.

Google Cloud revenue rose 63% year over year to $20.0 billion in Alphabet's first quarter of 2026, with segment operating income roughly tripling to $6.6 billion. Google Cloud's revenue backlog nearly doubled sequentially to more than $460 billion. CEO Sundar Pichai said Alphabet will begin shipping TPU hardware to a select group of customers in their own data centers and acknowledged the company remains compute constrained in the near term.