Google is helping support a large financing package for Anthropic, the artificial intelligence company behind the Claude chatbot, through lease payment backstops tied to data centers, according to Bloomberg. The arrangement gives Anthropic access to chip capacity at five facilities and effectively supports borrowing worth about $35 billion.
The deal highlights how closely intertwined the biggest technology companies have become as they race to build out the infrastructure needed for AI models. Google was already one of Anthropic’s earliest investors and has repeatedly taken equity stakes in the startup. It now appears to be extending that relationship beyond direct investment and into the financing structure that helps power Anthropic’s computing needs.
Under the arrangement, Anthropic is leasing powerful chips at five data centers. Google has agreed to backstop the lease payments at each site, providing reassurance to lenders and helping make the financing possible. The support gives Anthropic a way to secure the computing resources it needs without funding the entire cost upfront.
Bloomberg reported that the role of Anthropic in these data centers had not previously been disclosed as part of the broader financing package. The news adds another layer to the financial commitments surrounding AI development, where cloud capacity, specialized chips, and long-term infrastructure deals are becoming as important as software models themselves.
Google’s involvement is notable because the company competes directly in AI through its Gemini products while also investing in outside firms building rival systems. Anthropic, meanwhile, is one of the best-known challengers in the generative AI market and has attracted support from major technology backers.
The financing comes at a time when AI companies are spending heavily to secure access to the chips and data centers needed to train and run advanced models. Those costs have pushed firms to seek increasingly creative funding structures, including debt-like arrangements backed by future payments and long-term leases.
For Google, the move reinforces its position not just as a provider of AI tools but also as a foundational financial partner in the sector’s infrastructure buildout. For Anthropic, the arrangement offers a path to expand its computing footprint while preserving capital for product development and other operations.
The deal also illustrates the broader concentration of power in AI, where a small number of major technology groups are often both competitors and collaborators. As demand for computing resources grows, such relationships are likely to become even more important in shaping which companies can scale fastest.
While the exact terms of the financing were not laid out in the Bloomberg report, the reported $35 billion scale places it among the larger infrastructure-related commitments linked to the AI boom. The size of the package underscores how expensive it has become to compete at the frontier of artificial intelligence, where access to chips and data centers can be as decisive as model quality.