AI Compute Deals

Anthropic AI compute deals

Anthropic is party to 14 deals in the ledger, the buyer in all 14. The 11 with a stated price add up to $549.1B in headline value. Stated capacity: 13.26 GW. Counterparties: Google Cloud, OnePWR Solutions, Lambda, Nscale, AMD, SpaceX, Amazon, CoreWeave, Google, Broadcom, Microsoft, Fluidstack.

Verified 9 Nov 2026. Sums count each row’s headline figure as stated, cancelled deals excluded. Open in the full ledger

  1. Anthropic's $121.3B minimum Google Cloud TPU hosting commitment

    Buys from Google Cloud

    Minimum spend of about $121.3 billion, April 2026–July 2033, with a true-up (S-1/A). Signed March 2026 and amended May–Oct 2026; first disclosed in the S-1 filed 26 Oct 2026. Excludes an estimated $125–150 billion for additional TPU compute in 2028–2031. Likely overlaps the April 2026 Google–Broadcom TPU announcement.

    $121.3B1 signed

  2. Anthropic–OnePWR $3.4B gas generators (1.7 GW)

    Buys from OnePWR Solutions

    Reported value (Financial Times). Generator capacity 1.7 GW; site undisclosed. Agreed in late September 2026 (exact day not reported).

    $3.4B1 signed

  3. Anthropic–Lambda compute agreements (~$41.3B)

    Buys from Lambda

    About $41.3 billion in aggregate per Anthropic's S-1/A; the August 2026 agreement is about $34.9 billion (reported at signing as $35 billion) and either party may exit if Lambda does not secure the facility lease in time.

    $41.3B1 signed

  4. Anthropic–Nscale GPU services agreements (up to ~$44.6B)

    Buys from Nscale

    ≠ Up to approximately $44.6 billion, fees accruing only as capacity is delivered (Anthropic S-1/A); first reported by Bloomberg and CNBC as about $45 billion. Nscale must secure financing within a set period. 460 MW is from CNBC's sources.

    $44.6B1 0.46 GW signed

  5. Anthropic–AMD: up to 2 GW of MI450 Helios racks; AMD invests up to $5B

    Buys from AMD

    Anthropic expects to spend more than $20 billion on the initial committed tranche (S-1/A); the agreement allows a similar amount again. No fixed dollar commitment. AMD investment up to $5B.

    $20B1 2 GW signed

  6. Anthropic rents SpaceX's Colossus compute (up to $120.5B through 2029)

    Buys from SpaceX (SpaceXAI, formerly xAI)

    ≠ Up to $120.5 billion across several agreements signed and amended May–Oct 2026, about $3.1 billion a month at full delivery (Anthropic S-1/A). SpaceX's June 2026 prospectus gave the May agreements as $1.25 billion a month through May 2029 for capacity across Colossus and Colossus II (~325,000 NVIDIA GPUs), about $45 billion in total per Bloomberg. Initial non-cancelable periods end Jan and Mar 2027, then 90 days' notice. Bloomberg reported Anthropic is SpaceX's 'Customer B' (34.5% of Q3 2026 revenue).

    $120.5B1 0.3 GW expanded

  7. Anthropic commits $110B+ to AWS; Amazon invests up to $25B more

    Buys from Amazon (AWS)

    Minimum spend of $110.0 billion May 2026–April 2036 with a true-up if usage falls short (Anthropic S-1/A); announced as 'over $100 billion' over ten years. Separate Amazon investment: $5B immediately at a $380B valuation plus up to $20B on milestones.

    $110B1 5 GW signed

  8. Anthropic–CoreWeave multi-year cloud agreement

    Buys from CoreWeave

    Value not disclosed by CoreWeave; Bloomberg also reported no financial details.

    n/d signed

  9. Anthropic–Google–Broadcom multi-gigawatt TPU deal from 2027

    Buys from Google; Broadcom

    Not disclosed. Broadcom's 8-K (6 Apr 2026): about 3.5 GW from 2027, dependent on Anthropic's continued commercial success. Anthropic's S-1/A lists five-year Broadcom equipment leases for TPU capacity with rent of about $161.2 billion in total (all Broadcom leases, not only this deal).

    n/d 3.5 GW signed

  10. Anthropic–Microsoft–NVIDIA: $30B Azure commitment, up to $15B investment

    Buys from Microsoft (Azure)

    $30 billion Azure compute purchase commitment at announcement. Investments: NVIDIA up to $10B, Microsoft up to $5B. Amended between February and October 2026 to a minimum spend of at least $44.9 billion between November 2026 and June 2033, per Anthropic's S-1/A.

    $30B1 1 GW expanded

  11. Anthropic $50B US data centers with Fluidstack

    Buys from Fluidstack

    $50 billion planned investment; split between Fluidstack and other parties not disclosed. Anthropic's S-1/A confirms a colocation and services agreement with Fluidstack USA I Inc.

    $50B1 signed

  12. Anthropic–Google Cloud up to 1 million TPUs

    Buys from Google Cloud

    "Worth tens of billions of dollars" per Anthropic; exact value not disclosed. Expanded in 2026: see the Google–Broadcom TPU deal and the Google Cloud hosting commitment disclosed in Anthropic's S-1.

    n/d 1 GW expanded

  13. Amazon adds $4B to Anthropic; AWS becomes primary training partner

    Buys from Amazon (AWS)

    Up to $4.0 billion of convertible notes in three tranches ($1.3B Nov 2024, $1.3B May 2025, $1.4B Nov 2025), bringing Amazon's total to $8 billion. All tranches issued per Anthropic's S-1/A.

    $4B1 completed

  14. Amazon invests up to $4B in Anthropic; AWS becomes primary cloud

    Buys from Amazon (AWS)

    Up to $4 billion, structured as convertible promissory notes (Amazon 2023 note purchase agreement, 19 Sept 2023). Per Anthropic's S-1/A: first tranche $1.2 billion in September 2023; second tranche $3.4 billion principal in March 2024 for $2.8 billion of proceeds.

    $4B1 completed