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On October 26, 2026, artificial intelligence startup Anthropic filed its Form S--1 registration statement with the U.S. Securities and Exchange Commission, disclosing at least $114.5 billion in non--cancelable cloud and compute infrastructure commitments contracted with Alphabet Inc.'s Google Cloud through 2033. The filing also outlined an estimated $125 billion to $150 billion in potential Google Cloud TPU hardware capacity agreements between 2028 and 2031. The disclosures provide multi--year revenue visibility for Google Cloud's enterprise infrastructure segment while underscoring substantial valuation appreciation for Alphabet's strategic equity investment in Anthropic.