Google Bets Up to $40 Billion in Anthropic with 5GW Compute Commitment

Alphabet announced plans to invest up to $40 billion in Anthropic over time, with an exclusive commitment of 5 gigawatts of computing resources. The initial $10 billion tranche values Anthropic at $350 billion. Anthropic's annualized revenue (ARR) reportedly surged from $9 billion at end-2025 to $30 billion in early April 2026.