Google Commits to Invest Up to $40 Billion in Anthropic

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Google Commits to Invest Up to $40 Billion in Anthropic

The investment comes as the A.I. start-up looks to keep up with accelerating demand for its business and coding products.

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Google investment in Anthropic tightens the companies’ relationship even as they compete in some areas.

Credit...

Gabby Jones/Bloomberg

By

Tripp Mickle

Reporting from San Francisco

April 24, 2026,

2:06 p.m. ET

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Google has committed to invest as much as $40 billion in Anthropic, the companies said on Friday, as the artificial intelligence start-up 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 that tech giants have made in the top A.I. start-ups, OpenAI and Anthropic. Last week,

Amazon agreed to invest

as much as $25 billion in Anthropic.

Google will invest $10 billion in cash now at a $350 billion valuation, which is the same value Anthropic had in February. The other $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 have become 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 largest users of the tech giants’ custom A.I. chips: Google’s tensor processing units, or TPUs, and Amazon’s Trainium.

The agreements between Anthropic and the tech giants are examples of how circular deals have become critical to the A.I. boom that is driving the U.S. economy. Google, Amazon, Microsoft and Nvidia have invested huge sums into Anthropic and OpenAI. In exchange, those start-ups buy chips and computing power from those investors.

Under the latest investment, Google will provide Anthropic with five gigawatts of computing power starting in 2027, which is enough electricity to power all the homes in Minnesota. It could provide more computing power if that was needed.

The computing commitment could help Anthropic as it tries to build out the infrastructure it needs to meet the surging demand for its Claude Code. Companies are signing up to use Anthropic’s coding and business tools to develop programs and applications. Its adoption has rocked

longstanding software companies

.

This month, Anthropic

said

its annual revenue run rate surpassed $30 billion, up from $9 billion at the end of 2025.

(The New York Times has

sued