Alphabet shares rose approximately 2% in after-hours trading.
AI firm Anthropic committed to spending $200 billion on Google Cloud services over five years. The agreement is scheduled to begin in 2027.
This deal accounts for more than 40% of Google’s total disclosed cloud revenue backlog. The commitment underscores the financial symbiosis between cloud providers and artificial intelligence developers.
Large-scale server rentals provide the infrastructure necessary for training advanced AI models. The deal positions Google as a primary infrastructure provider in the expanding AI sector.