AI BriefingAlphabet rises on report of Anthropic's $200 billion cloud spending over the next 5 years
Key point
Alphabet rose on a report that Anthropic will spend $200 billion over 5 years on cloud.
Details
Alphabet shares rose in after-hours trading. This was because The Information reported that Anthropic plans to spend $200 billion on Google Cloud over the next 5 years.
The relationship between Google and Anthropic is also deepening rapidly. Following an earlier report that Google could invest up to $40 billion in Anthropic, this time the actual scale of Anthropic's spending has been revealed in numbers.
The market is comparing this to the Oracle-OpenAI case. Anthropic is experiencing a computing shortage due to surging demand for Claude Code and Cowork, and is expanding contracts with CoreWeave, Amazon, Google, and Broadcom, while OpenAI is touting its secured computing spending as a competitive advantage.
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