Anthropic signs AI compute deal with Google and Broadcom

Revenue growth accelerates: The deal marks a significant expansion of Anthropic's infrastructure as demand for its Claude models increases. The company said its annualised revenue run rate (ARR) has crossed $30 billion in 2026, up from about $9 billion at the end of 2025. It also reported that more than 1,000 enterprise customers are now spending over $1 million annually, doubling in under two months.

This growth places Anthropic ahead of rival OpenAI on reported annualised revenue. A Reuters report last month said OpenAI had crossed $25 billion in annualised revenue as of early 2026, highlighting the rapid expansion and intensifying competition in the enterprise AI market.

ARR metrics under scrutiny: The surge in reported ARR across AI firms has also drawn scrutiny. Recent debates around startups like Emergent have raised questions about how "run rate" revenue is calculated, especially when based on short-term usage or token consumption rather than long-term contracts, making comparisons across companies less straightforward.

Rising costs reshape pricing: At the same time, changes in pricing models point to rising infrastructure costs. Anthropic has begun charging separately for tools like OpenClaw, citing the high compute load from agent-based tasks, signalling a shift away from flat subscriptions as usage becomes more resource-intensive.

"This groundbreaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure: we are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development," said Krishna Rao, CFO of Anthropic.

Most of the new compute capacity will be located in the United States, extending the company's earlier commitment to invest $50 billion in US-based AI infrastructure.

Anthropic currently relies on a mix of hardware platforms, including chips from Amazon Web Services, Google TPUs, and NVIDIA GPUs. The company said this multi-platform strategy helps optimise performance and reduce dependency on a single supplier.

Despite the expanded partnership with Google, Amazon remains Anthropic's primary cloud and training partner, with ongoing collaboration on Project Rainier.

The company said its Claude models are available across all three major cloud platforms, Amazon Web Services, Google Cloud, and Microsoft Azure.