Anthropic hits $30 billion revenue run rate, secures massive Google TPU chips deal with Broadcom

Anthropic reveals $30bn run rate, plan to use new Google TPU

Broadcom's building the silicon and is chuffed about that, but also notes Anthropic remains a risk Broadcom has announced that Google has asked it to build next-generation AI and datacenter networking chips, and that Anthropic plans to consume 3.5GW worth of the accelerators it delivers to the ads and search giant. News of the two deals emerged today in a Broadcom regulatory filing that opens with two items of news. One is a "Long Term Agreement for Broadcom to develop and supply custom Tensor Processing Units ("TPUs") for Google's future generations of TPUs." Google and Broadcom have collaborated to produce custom TPUs. Broadcom CEO Hock Tan recently shared his opinion that hyperscalers don't have the skill to create custom accelerators and predicted Broadcom's chip business will therefore win over $100 billion of revenue from AI chips in 2027 alone. Working on next-gen TPUs for Google will presumably help to make that prediction a reality. So will the second part of Broadcom's announcement: a "Supply Assurance Agreement for Broadcom to supply networking and other components to be used in Google's next-generation AI racks through up to 2031." Broadcom's filing also revealed one user of Google's next-gen TPU will be Anthropic, which starting in 2027, "will access through Broadcom approximately 3.5 gigawatts as part of the multiple gigawatts of next generation TPU-based AI compute capacity committed by Anthropic." The filing includes the following notable statement: That sounds an awful lot like Broadcom putting on the record that the financial arrangements that will make it possible to deploy 3.5GW worth of custom TPUs for Anthropic represent sufficient risk that the company needs to put it on the record in a regulatory filing. In its announcement about the deal, Anthropic seemingly tries to reassure markets about its financial affairs by revealing that "Our run-rate revenue has now surpassed $30 billion -- up from approximately $9 billion at the end of 2025." "When we announced our Series G fundraising in February, we shared that over 500 business customers were each spending over $1 million on an annualized basis," Anthropic wrote. "Today that number exceeds 1,000, doubling in less than two months." Yet Broadcom still worries about the AI upstart. Google's take on the announcements points out that in addition to renting TPUs, Anthropic is a big Google Cloud customer. Anthropic pointed out that it also uses AWS's Trainium AI chips, plus Nvidia kit, so it can "match workloads to the chips best suited for them." ®

Anthropic strikes chips deal with Google and Broadcom

Anthropic will spend hundreds of billions of dollars on Google's chips and cloud services in a push to secure critical computing resources as surging demand for the company's tools pushes its annualised revenue to $30bn. The AI lab said on Monday it has committed to use "multiple gigawatts" of capacity from Google's TPU, a rival chip to Nvidia's dominant GPU, and the search giant's cloud services. Around 3.5GW of capacity on Google's hardware will come through a partnership with chipmaker Broadcom, starting from next year, according to a separate filing on Monday. In all, the deal would give Anthropic access to close to 5GW in new computing capacity over the coming years, according to a person with knowledge of the terms. The hardware and infrastructure required to develop a single gigawatt of capacity -- roughly equivalent to the power output of a nuclear reactor -- is estimated to cost from $35bn-50bn, with the bulk of that spent on chips. That suggests the lossmaking start-up's commitment could run to hundreds of billions of dollars. Anthropic executives are racing to secure enormous supplies of computing power in order to meet rapidly growing demand for the company's tools, particularly coding agent Claude Code, and to fund costly model training. The San Francisco-based group's annualised revenue has shot from $9bn at the end of last year to $30bn at the end of March, Anthropic said on Monday. The figure represents its revenues from the past 28 days extrapolated over a year. "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, Anthropic's chief financial officer. Broadcom shares rose almost 3 per cent after the market closed on Monday. The company also announced that it would develop and supply custom TPUs for Google as part of a long-term agreement through 2031. Google is seeking to expand sales of its in-house chips, which have helped power its own Gemini AI models, bringing it into increasingly direct competition with Nvidia, the world's largest semiconductor group. Anthropic's rival OpenAI last year struck a string of computing deals with Broadcom, Nvidia, AMD and others, in a push to lock in as much capacity as possible to power its own AI tools. The deals have been criticised for their circularity, with Big Tech groups acting as customers, suppliers and investors in the AI labs. Google has invested billions into Anthropic, giving it a 14 per cent stake as of March last year, according to a legal filing. Both companies have faced scrutiny for their heavy outlay, having repeatedly returned to venture capital and sovereign wealth backers to raise tens of billions of dollars on the promise that they can become profitable if they build sufficient scale and market dominance. Anthropic raised $30bn in February in a deal valuing it at $380bn, including the new money. In its filing on Monday, Broadcom said the deal was "dependent on Anthropic's continued commercial success" and that the parties "are in discussions with certain operational and financial partners". Monday's deal expands on a partnership Anthropic announced with Google last October, which it said at the time was "worth tens of billions of dollars and is expected to bring well over a gigawatt of capacity online in 2026". In November, Anthropic also committed to spend $50bn on new data centres in Texas and New York with cloud computing group Fluidstack, and agreed to purchase $30bn of additional capacity from Microsoft and Nvidia.

Anthropic taps Google and Broadcom for yet more AI chips as revenue run rate tops $30B - SiliconANGLE

Anthropic taps Google and Broadcom for yet more AI chips as revenue run rate tops $30B Anthropic PBC said today its annual revenue run rate has now exceeded $30 billion, up from just $9 billion at the end of last year, after confirming an expanded partnership with Google LLC and Broadcom Inc. to power its artificial intelligence models. The company said it has seen accelerating demand for its Claude services this year. Now, more than 1,000 business customers are spending at least $1 million on its AI tools each year, up from just 500 at the end of February. The acceleration suggests that Anthropic's growth has not been stymied as much as feared by its ongoing dispute with the U.S. government. The company is currently caught up in a legal battle with the White House after military chiefs at the Pentagon decided to classify it as a "supply chain risk" following a standoff over its safety guardrails. Anthropic has previously said that the designation could see it lose billions of dollars in revenue from enterprise customers that do business with the U.S. military. Last week, it told a San Francisco judge that the government's decision prompted more than 100 businesses to contact it to express doubt over their ability to continue working with it. However, Anthropic Chief Commercial Officer Paul Smith last week told Bloomberg in an interview that some customers respected that the company "demonstrates its principles," despite the blow to its revenue. In any case, Anthropic appears confident that it's going to continue growing its business and require more computing resources in future. The expanded partnership with Google and Broadcom may also suggest that it's confident the dispute will ultimately be resolved. In a blog post today, Anthropic said the agreement will ensure it has the "capacity necessary to serve the remarkable growth we have seen in our customer base." Broadcom is the primary developer of Google's tensor processing units or TPUs, which are an alternative processor technology to Nvidia Corp.'s graphics processing units that are more efficient at inference workloads. Broadcom has a multiyear deal with Google to manufacture the TPUs on its behalf that runs until 2031, according to a regulatory filing published on Monday. Their collaboration with Anthropic will provide the AI startup with access to around 3.5 gigawatts of computing power, starting in 2027. "The consumption of such expanded AI compute capacity by Anthropic is dependent on Anthropic's continued commercial success," Broadcom said. "In connection with this deployment, the parties are in discussions with certain operational and financial partners." The news sent Broadcom's stock up more than 3.5% in late trading on Monday after it was announced. The chipmaker's chief executive officer Hock Tan discussed the partnership with Anthropic last month during an earnings call, where he also revealed that he expects AI chip sales to generate more than $100 billion in revenue next year. Google originally developed its TPUs to power Google Search, but soon realized that they're extremely effective at running AI software, enabling it to provide customers with an alternative to Nvidia's GPUs.

Anthropic tops $30 billion run rate, seals deal with Broadcom - The Economic Times

Anthropic PBC said its revenue run rate has now topped $30 billion, up from $9 billion at the end of 2025, and confirmed plans to work with Broadcom and Google to power its burgeoning operations. The AI startup said that demand for its Claude services has accelerated this year, with more than 1,000 business customers spending over $1 million on an annual basis. That figure has more than doubled since February. The collaboration with Broadcom and Google, which was first announced last month, will help Anthropic build "the capacity necessary to serve the remarkable growth we have seen in our customer base," chief financial officer Krishna Rao said in a statement. The annual run rate -- a popular benchmark among tech startups -- extrapolates the current sales level over a full year. The latest numbers suggest that a high-profile dispute with the US government hasn't stymied growth. Anthropic is waging a legal fight over the Pentagon's decision to declare the company a supply-chain risk following a standoff over AI safety guardrails. Anthropic has warned that the labeling could cost it billions in lost revenue, and an attorney for the company recently told a judge in San Francisco that the federal government's actions led to more than 100 enterprise customers contacting the company to express doubt about continuing their work with Anthropic. Still, some customers respect that Anthropic "demonstrates its principles" in its dealings with the US government, Paul Smith, Anthropic's chief commercial officer, said in an interview last week. Broadcom is developing chips using Google's tensor processing units, or TPUs, offering an alternative to technology from Nvidia. Broadcom and Alphabet's Google have entered a long-term agreement to provide the chips and a supply assurance pact that runs through 2031, according to a Broadcom filing Monday. The three companies also are expanding a strategic collaboration that will let Anthropic access about 3.5 gigawatts' worth of computing power. That will begin in 2027. "The consumption of such expanded AI compute capacity by Anthropic is dependent on Anthropic's continued commercial success. In connection with this deployment, the parties are in discussions with certain operational and financial partners," Broadcom said in the filing. Broadcom shares climbed as much as 3.6% in late trading after the filing was announced. The company's chief executive officer, Hock Tan, previously discussed the collaboration during an earnings call last month. He also said Broadcom expects its AI chip sales to top $100 billion next year, making it a bigger competitor to Nvidia. Google's TPUs were originally designed to speed up its ubiquitous search engine, but have become useful at creating and running AI software. Broadcom takes Google's specifications and creates fully-formed designs that can then be sent for manufacturing.