Anthropic Is Worth $965 Billion and Still Needs Google to Pay Its Rent

Anthropic raised money at a $965 billion valuation last month and is heading toward a public stock listing. But to build the data centers, it needs to stay competitive. The AI company is reportedly asking Google, its most direct rival, to guarantee the bills.

Anthropic has signed more than a dozen preliminary agreements to lease US data centers with a combined capacity above 1 gigawatt. Executives at the company have also reportedly discussed an arrangement where Google would financially backstop those lease payments, with Apollo Global Management and Blackstone providing private credit as part of the wider financing structure.

Google Competes With Anthropic, and Also Funds It

Google’s Gemini competes directly with Anthropic’s Claude across AI assistants, coding tools, and enterprise software. Yet Google has committed up to $40 billion to Anthropic and co-designs some of the server chips the company plans to use in its new facilities.

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