This is an AI-generated summary, which may contain errors. For context, always refer to the full article.
Agreements involving Anthropic and OpenAI now account for more than half of the $2 trillion in backlogs of major Internet service providers such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.
Anthropic has committed to spending $200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday, May 5, citing a person familiar with the matter.
That commitment suggests the AI startup accounted for more than 40% of the earnings that Google disclosed to investors last week, according to the report. The backlog reflects contractual commitments from cloud clients.
Shares of Google parent Alphabet rose about 2% in extended trading Tuesday following the report.
Anthropic signed a deal in April with Google and the technology company’s chip partner Broadcom for several gigawatts of tensor processing unit capacity, which it expects to come online starting in 2027.
Alphabet is also investing up to $40 billion in Anthropic, strengthening its partnership with the artificial intelligence startup, which is also its rival in the global AI race.
The deals involving Anthropic and OpenAI now account for more than half of the 2 trillion in backlogs of major internet service providers such as Amazon Web Services, Microsoft Azure and Google Cloud Platform, the US media reported.
Reuters could not immediately confirm the report. Anthropic declined to comment, while Google referred questions to the AI company.
His Claude family’s high demand for AI models has led Anthropic to sign a series of major contracts to acquire more computing power.
Last month, Anthropic inked a multi-year deal with cloud infrastructure company CoreWeave and is also set to acquire about 1 gigawatt of capacity through Amazon chips by the end of the year.
Anthropic said it trains and runs Claude on a range of AI hardware, including Amazon Web Services’ Trainium, Google’s TPUs and Nvidia GPUs.
Meanwhile, Alphabet is on pace to overtake Nvidia as the world’s most valuable company, driven by a record stock rally fueled by its intelligence efforts and booming cloud business. – Rappler.com
