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FinanceAnthropic turns to Google to back massive data center push exceeding 1 GW
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Anthropic is moving to take direct control of its AI computing infrastructure by pursuing data center leases totaling over 1 gigawatt of capacity across the United States. The company is seeking financial backing from Alphabet's Google, which may provide guarantees for lease obligations and co-design server chips. This infrastructure push comes as Anthropic prepares for an initial public offering, having confidentially filed paperwork earlier in June 2026. The startup's valuation has reached $965 billion after a $65 billion Series H funding round led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Alphabet has also committed up to $40 billion in the company. Anthropic recently launched Claude Fable 5, its most capable consumer AI model. If it goes public at a $1 trillion valuation, it would rank among the most valuable companies globally and become one of the largest IPOs in history.
Source report
Caroline Ryan Sun, June 14, 2026 at 12:30 PM PDT 5 min read
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Anthropic is moving to take greater control of the computing infrastructure that powers its AI models, pursuing data center leases that would place the company in direct control of operating its own facilities.
The effort could secure vast amounts of power-intensive capacity as the company positions itself for its initial public offering.
Anthropic has assembled more than a dozen preliminary agreements tied to U.S. data centers representing more than 1 gigawatt of capacity, according to The Information and Reuters.
The company is also exploring ways for Alphabet Inc.'s Google to help support the financial commitments associated with those leases.
Under the arrangements under discussion, Google could provide guarantees tied to Anthropic's lease obligations, helping the startup shoulder the enormous costs of securing computing infrastructure.
The Information also reported that Google co-designs some of the server chips Anthropic may ultimately deploy at those facilities.
The expansion underscores the escalating race among leading AI developers to lock down the computing power needed to train and run increasingly sophisticated models.
Surging demand for Anthropic's Claude models has already pushed the company to pursue additional capacity through large-scale infrastructure agreements.
Earlier this month, Anthropic disclosed that it had confidentially filed paperwork for a U.S. initial public offering. The company has not yet determined how many shares it would sell or what price it would seek in an offering.
The Billion-Dollar Race for AI Computing Power
The infrastructure push comes as Anthropic's valuation continues to climb. Anthropic's latest funding round valued the startup at $965 billion, surpassing OpenAI as the most valuable startup, after raising $65 billion in Series H. Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital led the funding round.
"This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens." — Krishna Rao, CFO of Anthropic
In April, Anthropic also said Alphabet was committing up to $40 billion in the company, Bloomberg reported.
Earlier this week, Anthropic launched Claude Fable 5, its most capable consumer-facing AI model to date. The company said Fable 5 excels at coding, research, and other knowledge-intensive tasks, particularly over long and complex workloads.
If Anthropic goes public at a $1 trillion valuation, it would instantly rank among the most valuable companies globally and could become the second- or third-largest IPO in history, trailing SpaceX and Saudi Aramco.
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Anthropic Secures $30 Billion Funding at $900 Billion Valuation