---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40198858.md"
description: "A game-changing investment in the large model competition landscape: Google announced a new investment commitment of up to $400 billion in Anthropic last night: 1) An immediate $10 billion cash injection, consistent with the valuation from the February 2026 funding round, excluding any subsequent new fundraising;2) An additional $300 billion contingent on Anthropic reaching specific performance milestones;3) Simultaneous support for a significant expansion of Anthropic's computing power (Google Cloud will provide an additional 5 GW capacity, with potential for further expansion within the next 5 years).Upon completion of this investment, Google will likely become Anthropic's largest external shareholder, of course strictly controlled within 15% to avoid triggering antitrust laws.This is highly significant for Google:1) Hedging against OpenAI risk. By securing a minority stake in Anthropic while pushing Gemini with full force internally, Google is employing a classic "invest in the competitor" strategy—preventing OpenAI's dominance while enriching its product ecosystem through Vertex AI's integration of Claude.2) Converting Anthropic's growth into Google Cloud revenue via massive cloud contracts, scaling its own TPU ecosystem, and using investment to secure computing power binding. This is crucial.3) Maintaining a leading technological position in the AI arms race; 4) Potential for massive paper gains post-IPO, as Anthropic's potential valuation is already approaching OpenAI's.It's even more significant for Anthropic:Further access to massive computing power support (TPUs are core to its training), accelerating Claude's iteration and enterprise client expansion. Its financial reserves are now even more substantial.Following Amazon's commitment last week of up to $250 billion, Anthropic has secured over $650 billion in new funding commitments within just one week.Listing Anthropic's financial backers from the past half-year reveals an absurd reality:1) Amazon: $5 billion cash + up to $250 billion + 5 GW Trainium computing power + $1 trillion AWS procurement contract;2) Google: $10 billion cash + up to $400 billion + 5 GW TPU computing power;3) NVIDIA: up to $10 billion + 1 GW GPU supply;4) Microsoft: up to $5 billion + Anthropic's $300 billion computing power procurement from Azure.All four top Silicon Valley players are on Anthropic's shareholder register.The pain of previous computing power shortages drove Anthropic to frantically seek new supply sources. The strategy is clear: bind with the biggest players in computing power supply, but avoid deep, exclusive ties with any single one to maintain flexibility—diversify the supply.Now, the pressure shifts to OpenAI.Previously, the three major AI model players in Silicon Valley were OpenAI, Anthropic, and Gemini. Now, the latter two both compete and cooperate. Meta and Grok are still striving to catch up.The computing power landscape and the TPU ecosystem are rapidly rising. It's truly possible that the future will see a two-horse race between GPUs and TPUs (though the gap is still significant for now).Google's investment in Anthropic, starting from $300 million in 2023, has evolved into a strategic deployment cumulatively exceeding tens of billions of dollars (including the latest $400 billion commitment). The core is a triple gain of computing power binding + minority equity stake + cloud revenue. The latest $400 billion commitment marks a new phase in their alliance and highlights the intensity of the AI infrastructure race.$Alphabet - C(GOOG.US)"
datetime: "2026-04-25T06:59:58.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40198858.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40198858.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40198858.md)
author: "[Optimus](https://longbridge.com/en/profiles/20639361.md)"
---

# A game-changing investment in the large model comp…


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