AI Fund Flows

Anthropic ↔ Google: every deal

All 5 deals between Anthropic and Google: $243B in total since Oct 27, 2023, with dates, status and sources. Updated Nov 9, 2026.

Anthropic → Google
$200B
Google → Anthropic
$43B

Loops that include this flow

May 5, 2026Cloud & servicesreported$200B
Anthropic → Google · 5 years from 2027, 5 GW (The Information)

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.

Apr 24, 2026Investmentannounced$40B
Google → Anthropic · $10 billion cash upfront + $30 billion tied to milestones

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

Oct 23, 2025Cloud & servicesannouncedn/a
Anthropic → Google · "tens of billions", up to 1 million TPUs

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

Jan 22, 2025Investmentclosed$1B
Google → Anthropic · new investment

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

Oct 27, 2023Investmentclosed$2B
Google → Anthropic · up to $2 billion ($0.5 billion upfront + $1.5 billion later)

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