
Google Cloud clears $20B in Q1 but says it can't keep up with demand
Revenue rose 63% year-over-year and the backlog doubled to $462B, but Sundar Pichai told analysts the business is compute-constrained.
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Revenue rose 63% year-over-year and the backlog doubled to $462B, but Sundar Pichai told analysts the business is compute-constrained.

The deal lands days after Amazon's $5B injection and values Anthropic at $350B, with both investors tying further capital to performance targets.

At Cloud Next, Google unveils training and inference chips, an agentic Chrome, and a multi-billion dollar compute pact with Mira Murati's lab.

Anthropic's run-rate revenue more than tripled from $9B at the end of 2025 to over $30B, driving its largest compute commitment yet.

Google unveils new TPU chips, Chrome AI coworker features, and a multi-billion dollar compute deal at Cloud Next conference.
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