In the race to become the world's leading name in artificial intelligence (AI), Anthropic is seeking funding and closing business deals to avoid being hampered by its own success and to move smoothly towards its IPO .
The most recent deal is with Google , with whom they closed an additional investment that could reach US$40 billion, according to a spokesperson for the company that developed Claude, as reported by The Wall Street Journal (WSJ) .
The agreement stipulates that Google will invest $10 billion in Anthropic, currently valued at $350 billion, and may invest up to an additional $30 billion if the company meets certain performance targets.
These figures add to the US$30 billion that Anthropic raised in February in its Series G funding round, led by Singapore's sovereign wealth fund (GIC) and Coatue Management , in which it was valued at US$380 billion.
Although Google is a direct competitor in AI models, it is a key infrastructure provider for Anthropic. Earlier this month, the pair, in partnership with Broadcom , finalized an operational cooperation agreement. The microprocessor manufacturer will develop and supply custom AI chips for Google and additional computing capacity for Anthropic.
The year has been very positive for Anthropic. According to the company, annualized revenue exceeded US$30 billion, a strong increase compared to the US$9 billion recorded at the end of 2025. The number of customers spending more than US$100,000 annually with Claude grew sevenfold in 2025.
But this strong growth rate is being limited by the enormous computing power needed to support Claude, which is increasingly used worldwide and is becoming a rival to OpenAI and its ChatGPT.
"Growth at this rate is putting inevitable pressure on our infrastructure; our unprecedented customer growth, in particular, has impacted reliability and performance for free, Pro, Max, and Team users, especially during peak hours," the company said in a statement.
Given this, Anthropic is "passing the hat around." Four days ago, the company announced an agreement with Amazon , involving an immediate injection of US$5 billion and a commitment of another US$20 billion in the future. Jeff Bezos ' company has already invested US$8 billion in Anthropic.
Anthropic has also committed to spending over $100 billion on AWS technologies over the next ten years, securing up to 5 gigawatts (GW) of new capacity to train and run Claude.
The company also struck a deal with CoreWave earlier this month to use its cloud infrastructure and help run Claude.
OpenAI is also racing to strengthen its ability to train its models, signing a series of multi-billion dollar agreements with cloud computing providers, microprocessor manufacturers, and energy suppliers.
Sam Altman 's company also raised a lot of capital. At the end of March, it announced a funding round of US$122 billion, raising its market value to US$852 billion.
