Google To Pour In $40 Billion Into Rival Anthropic Amid Mythos Launch & Compute Race

Google is reportedly preparing to deepen its ties with Anthropic with a massive new investment that could total up to $40 billion, underscoring how the artificial intelligence (AI) race is rapidly shifting from model launches to securing the infrastructure needed to power them.

The reported deal would see Google invest $10 billion immediately at Anthropic’s current $350 billion valuation, with another $30 billion tied to performance milestones.

While the funding itself is significant, the bigger story is what it reveals about the increasingly expensive fight for compute capacity in artificial intelligence.
 

TL;DR

 

• Google will reportedly invest $10 billion in Anthropic now, with another $30 billion potentially following.
• Anthropic recently launched Mythos, its most powerful model yet, with cybersecurity-focused use cases.
• Google Cloud will provide Anthropic with an additional 5 gigawatts of compute capacity over five years.
• Anthropic is also expanding infrastructure partnerships with Amazon, CoreWeave, and Broadcom.
• The company is reportedly exploring an IPO as soon as October.

Anthropic’s latest fundraising push arrives shortly after it quietly introduced Mythos, its newest frontier AI model. The company says it is its most capable model so far and highlighted its cybersecurity applications as a major differentiator.

However, Anthropic has limited access to Mythos for now, citing concerns around potential misuse. The company is currently working with select partners to test safeguards before expanding availability. Despite those restrictions, reports suggest the model has already found its way into unauthorized hands.

That cautious rollout also reflects another challenge, Mythos is likely expensive to operate at scale.

 

Anthropic’s AI Growth Now Depends On Massive Cloud Infrastructure Deals

As AI companies race to build increasingly powerful models, compute access has become just as important as model quality.

OpenAI has aggressively locked in infrastructure through multi-billion-dollar partnerships across cloud providers, semiconductor companies, and energy firms. Its recent expansion with Cerebras further reinforced that strategy.

Anthropic has been making similar moves.

The company recently faced criticism over Claude usage restrictions as demand surged, prompting concerns around infrastructure limitations. In response, Anthropic moved quickly to secure additional capacity.

Earlier this month, it partnered with CoreWeave for additional data center access. It also secured another $5 billion from Amazon as part of a broader agreement that could eventually provide up to $100 billion worth of compute infrastructure and nearly 5 gigawatts of power capacity over time.
 

Google Cloud Becomes A Critical Anthropic AI Infrastructure Partner

While Google competes directly with Anthropic through its own AI models, it has also become one of Anthropic’s most important infrastructure providers.

Anthropic already relies heavily on Google Cloud for access to tensor processing units (TPUs), Google’s custom-built AI chips designed to rival Nvidia’s highly sought-after GPUs.

That relationship expanded earlier this month when Anthropic partnered with Google and Broadcom to secure multi-gigawatt TPU capacity beginning in 2027. A subsequent Broadcom filing revealed that agreement involved roughly 3.5 gigawatts of compute power.

This latest investment reportedly builds on that arrangement, with Google Cloud now expected to provide an additional 5 gigawatts of computing capacity over the next five years, with room for further expansion.
   

Anthropic’s Soaring Valuation Could Set Up A Major IPO Push

Anthropic’s valuation stood at $350 billion as recently as February, but investor appetite appears to be accelerating quickly.

According to Bloomberg, investors have already shown interest in backing the company at valuations exceeding $800 billion.

With fresh funding rolling in, rising enterprise demand for Claude, and increasingly aggressive infrastructure expansion, Anthropic appears to be positioning itself for its next major milestone, a potential IPO that could reportedly happen as soon as October.