Anthropic commits $200B over five years to Google for cloud and chip computing power, a deal representing over 40% of Google's recent revenue commitments. The AI startup's spending, alongside OpenAI's, now dominates major US cloud provider orders. The arrangement highlights AI's soaring compute costs and complex financial ties, as Google is both a key service provider and investor in Anthropic. With AI server spending projected to reach tens of billions annually, the sustainability of this capital-intensive model remains a critical question for the industry.