AI Compute Deals

Google AI compute deals

Google is party to 8 deals in the ledger, buyer in 4 and seller in 4. The 2 with a stated price add up to $131.3B in headline value. Stated capacity: 4.5 GW. Counterparties: Anthropic, Constellation Energy, SpaceX, NextEra Energy, Meta, Kairos Power.

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

    Sells to Anthropic

    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. Google–Constellation 20-year PPA backing 890 MW of nuclear uprates

    Buys from Constellation Energy

    Contract value not disclosed; $4.3 billion+ is Constellation's planned investment. Plant size: about 890 MW of new uprate capacity across 11 units, plus a separate 15-year 2,700 MW energy agreement.

    n/d signed

  3. Google rents ~110,000 NVIDIA GPUs from SpaceX at $920M a month

    Buys from SpaceX (SpaceXAI, formerly xAI)

    $920 million per month from Oct 2026 through June 2029 (roughly $30 billion if it runs the full term). Google may exit or take a pro-rata cut if SpaceX misses the 30 Sept 2026 delivery date; after 31 Dec 2026 either party may end it on 90 days' notice.

    n/d signed

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

    Sells to Anthropic

    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

  5. Google–NextEra 25-year PPA to restart Duane Arnold nuclear plant

    Buys from NextEra Energy

    0.615 GW plant (Duane Arnold Energy Center restart); Google buys its output, not delivered data center capacity. Financial terms not disclosed.

    n/d signed

  6. Anthropic–Google Cloud up to 1 million TPUs

    Sells to Anthropic

    "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

  7. Meta–Google Cloud six-year deal (over $10B)

    Sells to Meta

    "More than $10 billion" over six years, per The Information, confirmed to AFP by a source. Not disclosed by the companies.

    $10B1 signed

  8. Google–Kairos Power 500 MW small modular reactor fleet

    Buys from Kairos Power

    0.5 GW of planned small modular reactor output from seven reactors; generation bought by Google, not delivered data center capacity. Financial terms not disclosed. First project (Hermes 2, up to 50 MW, sold via TVA) announced Aug 2025.

    n/d signed