Anthropic's $200 Billion Cloud Deal with Google

Anthropic has agreed to spend $200 billion on Google Cloud services over five years. This deal accounts for more than 40% of Google's disclosed revenue backlog. Along with OpenAI, Anthropic contributes significantly to the $2 trillion backlog in major cloud contracts. Google and Anthropic have not commented.

Anthropic has entered into a monumental agreement to allocate $200 billion on Google Cloud services over the next five years, according to The Information, which cites sources familiar with the deal. The AI startup's investment represents a substantial portion of Google's revenue backlog.

The report highlighted that contracts tied to Anthropic and OpenAI comprise over half of the $2 trillion backlog cloud providers are facing. This significant commitment underlines the growing reliance on Google's infrastructure by leading AI firms.

Attempts to verify this report with Reuters were unsuccessful as both Anthropic and Google remained tight-lipped. Following the revelation, shares of Google's parent company, Alphabet, experienced a 2% rise in post-market trading.