Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda: Report
The six-year agreement expands Anthropic’s access to Nvidia chips as demand for its Claude AI pushes the company toward more than $135 billion in computing deals.
- On Monday, Anthropic signed a $35 billion cloud computing deal with Nvidia-backed Lambda to expand AI capacity and meet growing demand for its Claude chatbot.
- Infrastructure company Hut 8 is developing the Texas data center for the project, located in Nueces County, where Nvidia will hold the lease on capacity.
- Anthropic has rapidly secured major cloud capacity agreements in recent months, including $45 billion with Nscale in West Virginia, $50 billion with Fluidstack, and $45 billion with SpaceX.
- These agreements position Anthropic as one of the most significant customers for data center power, with each deal consistently tied to Nvidia, the leading provider of AI chips.
- Lambda, which raised more than $1.5 billion in a 2025 funding round, is now raising up to $3 billion while targeting a valuation exceeding $12 billion, Bloomberg reported.
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Hut 8's Texas power site sits inside Anthropic’s $35 billion AI deal
The company's Texas campus has two long-term leases worth $19.6 billion, more than 260 times its latest quarterly revenue, as AI companies race to secure power and data-center capacity.
The AI boom is driving up the demand for computing power. Anthropic is expanding its capacities for AI assistant Claude. The company is now to pay several billion dollars to a partner of Nvidia.
The Wall Street Journal reported on the 31st (local time), citing sources familiar with the matter, that Antropic has signed a $35 billion (approximately 47.9 trillion won) cloud computing contract with Lambda, a cloud startup that received investment from NVIDIA. Accordingly, backed by NVIDIA, Antropic will [utilize] computing at the data center in Nuesis County, Texas, operated by Lambda.
The creator of AI Claude's assistant, Anthropic, has entered into a six-year contract for $35 billion to lease computing power from Lambda, according to a source close to the file. The latter is an IT service provider supported by Nvidia.
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