Anthropic inks deal with Google, Broadcom to secure AI chips; tops $30 billion run-rate
Anthropic announced Tuesday that it has signed a deal with Google and Broadcom to secure multiple gigawatts of next-generation tensor processing unit (TPU) capacity that will come online in 2027.
The TPUs will be used to train and deploy leading Claude models to meet the growing demand for the company’s technology offerings from customers worldwide.
Alongside the deal announcement, the IPO-bound AI company also announced that operating revenue will grow from $9 billion to more than $30 billion by the end of 2025, as demand for Claude continues to grow globally.
“We are enabling Claude to define the boundaries of AI development while building the capacity necessary to serve the rapid growth we are seeing in our customer base,” Krishna Rao, Anthropic’s CFO, said in a blog post.
Broadcom’s agreement with two technology giants
In a separate exchange filing, Broadcom said it had entered into a long-term agreement with Google to supply future generations of its TPUs designed to power artificial intelligence in the internet giant’s data centers.
Alongside this deal, Broadcom and Google have expanded their collaboration to give Anthropic access to approximately 3.5 gigawatts of TPU-based computing capacity, according to a Securities and Exchange Commission (SEC) filing and Anthropic’s blog post.
Claude’s increasing customer demand
At the time of its Series G fundraising in February, Anthropic said more than 500 commercial customers were spending more than $1 million annually on its services each, the company said in a blog post, adding that the number now exceeds 1,000 and has doubled in less than two months.
The startup also said that the majority of the new computing will be located in the United States, making the partnership a major expansion of the company’s commitment to invest $50 billion to strengthen American computing infrastructure by November 2025.
“The partnership deepens our existing work with Google Cloud (building on the increased TPU capacity we announced last October, as well as our relationship with Broadcom),” he added.
The development comes as Anthropic faces an ongoing dispute with the US government over its insistence that its technology not be used for mass surveillance or fully autonomous weapons systems. In March, the Trump administration labeled Anthropic a “supply chain risk,” a characterization the AI company later challenged in court.
According to multiple media reports, US defense forces used Anthropic’s AI to launch air strikes on Iran, which also killed Supreme Leader Ayatollah Ali Khamenei.
Anthropic IPO details
Anthropic PBC could hit stock exchanges as early as October as the artificial intelligence firm competes with rival OpenAI Inc to launch an initial public offering. Bloomberg report.
The developer of the famous Claude chatbot has held preliminary talks with Wall Street institutions about starring roles in a possible listing. Bloomberg We have previously reported this by quoting people familiar with the situation.
Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley are reportedly being considered for primary roles in the Anthropic and OpenAI offerings.
Anthropic’s IPO could target a valuation exceeding $60 billion. Information has been reported previously. Meanwhile, Anthropic’s value was determined as $380 billion in the $30 billion financing round concluded in February, co-led by MGX.
