Google: AI deals, investors and valuation

According to The Information, OpenAI plans to purchase (not just rent) Google TPUs; no contract confirmed.

Talent and non-exclusive license deal with the coding-agent startup; co-founder Tamay Besiroglu joins DeepMind.

Google guarantees the four lease contracts signed by Anthropic with Nexus and the related power purchases, and receives about 20% of the project.

From SpaceX's prospectus: Google rents about 110,000 Nvidia GPUs from October 2026 to June 2029, about $30 billion in total; termination on 90 days' notice after 31/12/2026.

Blackstone puts in about $5 billion of equity in a joint venture with Google that will deliver 500 MW of data centers by 2027 and sell compute on Google TPUs; up to $25 billion including debt.

According to The Information, a $200 billion commitment over 5 years for cloud and TPUs, more than 40% of Google Cloud's backlog. Not officially confirmed.

Alphabet puts in $10 billion immediately (reported valuation $350 billion) and up to $30 billion more tied to performance targets.

Mira Murati's lab expands its use of Google Cloud with GB300 GPUs; non-exclusive contract. Approximate date: April 2026.

Broadcom signs a long-term agreement with Google to develop and supply future TPUs and AI rack networking through 2031.

Google and Microsoft are negotiating three-year DRAM contracts with SK Hynix with price floors and prepayments of 10-30% of contract value.

Bloomberg reports talks for about $1 billion at a valuation above $11 billion; lead investor not named (CapitalG led the previous round). No closing confirmed.

The Information: multiyear deal to rent TPUs on Google Cloud; talks also under way to buy TPUs directly from 2027.

Alphabet raises $20 billion in bonds to fund 2026 investment forecast at $175-185 billion.

Multiyear deal: Gemini becomes the basis of Apple Foundation Models and the new Siri, run on Private Cloud Compute.

Alphabet acquires energy and data center developer Intersect; grid-related assets go into the new IPX Power.

MediaTek reportedly won Google's TPU v7e/v8e orders and asked TSMC for a sevenfold CoWoS increase; it expects $2bn of cloud ASIC revenue in Q4 2026 alone.

Google pledged €5.5B in Germany through 2029: a new Dietzenbach data centre near Frankfurt, Hanau expansion and offices, with no state subsidy.

Google guarantees $1.3 billion of Fluidstack's lease obligations in the Abernathy JV with TeraWulf.

25-year contract with NextEra to restart the Iowa plant (about 615 MW) by early 2029.

Expansion on Google Cloud with up to 1 million TPUs and over 1 GW of capacity in 2026; value put at tens of billions.

Google will invest $15B over 2026-2030 in a ~1 GW AI hub in Visakhapatnam; AdaniConneX builds the data centres and Airtel the network and subsea landing.

Bharti Airtel (with Nxtra) supplies fibre and connectivity infrastructure for Google's Visakhapatnam AI hub.

Google will invest €5B in 2026-2027 to expand its Saint-Ghislain data centre campus, with new wind power deals and 300 jobs.

Google guarantees $1.4 billion of Fluidstack's lease payments to Cipher (later raised to $1.73 billion) and receives warrants for about 5.4% of Cipher.

Google opened its Waltham Cross data centre as part of a two-year £5B UK plan covering capex, R&D and Google DeepMind research.

Six-year contract for Google Cloud servers, storage and networking to support Meta's AI.

Google guarantees Fluidstack's lease payments to TeraWulf: $1.8 billion initially, rising to about $3.2 billion with the CB-5 expansion, in exchange for warrants for up to about 14% of TeraWulf.

Perplexity made an unsolicited all-cash bid of $34.5 billion for Google's Chrome browser during the antitrust case. Google did not sell.

Google signs a framework agreement for up to 3,000 MW of hydroelectric power with Brookfield; the first 20-year contracts (Holtwood and Safe Harbor) are worth over $3 billion.

Google pays $2.4 billion to license the technology and hire CEO Varun Mohan and researchers, hours after OpenAI's $3 billion offer expired.

OpenAI adds Google Cloud among its compute providers and begins renting Google TPUs for its products. Amount not disclosed.

Google Cloud and PIF fund a $10B global AI hub in Dammam, launched with HUMAIN, bringing Gemini, GPUs and TPUs to the Kingdom.

Alphabet takes a stake in Ilya Sutskever's SSI, which uses Google Cloud and TPUs as its primary supplier.

Alphabet's largest acquisition ever (cloud security), announced in March 2025 and closed in March 2026.

Google adds about $1 billion to its stake in Anthropic, on top of the earlier $2 billion.

Non-exclusive licensing deal and return of founders Noam Shazeer and Daniel De Freitas to Google; reported value about $2.7 billion.

Google commits to invest up to $2 billion in Anthropic, $500 million upfront and the rest over time.