Google’s TPU Deal with Anthropic Signals Potential Expansion in AI Chip Market
Google's landmark agreement to supply Anthropic with up to one million custom Ironwood TPUs marks a strategic pivot in the AI infrastructure race. HSBC analysts highlight the deal's dual significance: it demonstrates Google's technological lead in next-gen AI chips while opening a high-margin revenue stream. The bank projects $13.1B-$17.5B in potential revenue from just 1GW of TPU capacity.
Unlike competitors Microsoft and Amazon, whose chip launches are delayed until 2026, Google will deploy Ironwood TPUs by 2025. This first-mover advantage could reshape cloud service economics, with HSBC raising Google Cloud's 2026 revenue forecast by $10B. The deal establishes a blueprint for AI-as-a-service infrastructure that may influence how tech giants monetize hardware breakthroughs.
