Stock Besties · Information node

Anthropic: who it depends on, and who depends on it.

AI developer (Claude). Private company: an information node, no listed shares. 8 sourced relationships in the network, each with its filing or release.

Open Anthropic on the mapRun a what-if
Ties

Dependence, both ways

Anthropic depends on, or is exposed to

Companies that depend on Anthropic

Event exposure

If something happens to Anthropic

The companies each kind of event would reach, up to two steps away, along sourced relationships only. This is a map of connections, not a forecast: how much each company would feel is unknown unless a source states it.

What if Anthropic spends less?

Companies that sell to it (its suppliers and infrastructure providers), then the companies those sellers buy from.

  • Broadcom · directly, a source describes it, no figureBroadcom depends on sales to Anthropic.
  • Alphabet (Google) · directly, materiality unknownAlphabet (Google) depends on sales to Anthropic.
  • Amazon · directly, materiality unknownAmazon depends on sales to Anthropic.
  • Microsoft · directly, materiality unknownMicrosoft depends on sales to Anthropic.
  • CoreWeave · two steps away, a source states a figureMicrosoft depends on sales to Anthropic; then CoreWeave depends on sales to Microsoft.
  • TSMC · two steps away, materiality unknownBroadcom depends on sales to Anthropic; then TSMC depends on sales to Broadcom.

What if Anthropic raises less money or its value falls?

Its investors, holders and guarantors, plus the companies that sell to it (a company that raises less tends to buy less), then their suppliers.

  • Amazon · directly, a source states a figureAmazon is exposed to the value or credit of Anthropic. Or: Amazon depends on sales to Anthropic.
  • Broadcom · directly, a source describes it, no figureBroadcom depends on sales to Anthropic.
  • Alphabet (Google) · directly, materiality unknownAlphabet (Google) depends on sales to Anthropic.
  • Micron · directly, materiality unknownMicron is exposed to the value or credit of Anthropic.
  • Microsoft · directly, materiality unknownMicrosoft is exposed to the value or credit of Anthropic. Or: Microsoft depends on sales to Anthropic.
  • NVIDIA · directly, materiality unknownNVIDIA is exposed to the value or credit of Anthropic.
  • CoreWeave · two steps away, a source states a figureMicrosoft is exposed to the value or credit of Anthropic; then CoreWeave depends on sales to Microsoft. Or: NVIDIA is exposed to the value or credit of Anthropic; then CoreWeave depends on sales to NVIDIA.
  • TSMC · two steps away, materiality unknownNVIDIA is exposed to the value or credit of Anthropic; then TSMC depends on sales to NVIDIA. Or: Broadcom depends on sales to Anthropic; then TSMC depends on sales to Broadcom.

What if Anthropic cannot deliver?

Companies that buy chips, parts or capacity from it, then their own customers.

No company in this network is connected to Anthropic that way.

What if Anthropic's shares or stake lose value?

Holders of its shares, warrants or notes and guarantors of its obligations, then their holders.

  • Amazon · directly, a source states a figureAmazon is exposed to the value or credit of Anthropic.
  • Micron · directly, materiality unknownMicron is exposed to the value or credit of Anthropic.
  • Microsoft · directly, materiality unknownMicrosoft is exposed to the value or credit of Anthropic.
  • NVIDIA · directly, materiality unknownNVIDIA is exposed to the value or credit of Anthropic.
Filings

Filings by Anthropic’s listed partners

Anthropic files nothing with the SEC here; events reach it through the filings of the listed companies tied to it.

  1. Oct 9, 2026, 08:21 ETMicron filed an annual report (10-K). Filing on SEC.govConnected:AnthropicNVIDIA
  2. Sep 30, 2026, 16:02 ETMicron filed a current report (8-K): results of operations (Item 2.02). Filing on SEC.govConnected:AnthropicNVIDIA
  3. Sep 14, 2026, 16:45 ETAmazon filed a current report (8-K): other events (Item 8.01). Filing on SEC.govConnected:OpenAIAnthropic
  4. Sep 9, 2026, 17:56 ETBroadcom filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAIAnthropicAlphabet (Google)TSMC
  5. Sep 9, 2026, 16:28 ETAmazon filed a current report (8-K): officer or director change (Item 5.02). Filing on SEC.govConnected:OpenAIAnthropic
  6. Sep 3, 2026, 08:03 ETNVIDIA filed a current report (8-K): other events (Item 8.01). Filing on SEC.govConnected:OpenAISB EnergyCoreWeaveOracleAnthropicIntelTSMCMicron
  7. Sep 2, 2026, 16:30 ETMicrosoft filed a current report (8-K): Regulation FD disclosure (Item 7.01). Filing on SEC.govConnected:OpenAICoreWeaveAnthropic
  8. Sep 2, 2026, 16:26 ETBroadcom filed a current report (8-K): results of operations (Item 2.02), other events (Item 8.01). Filing on SEC.govConnected:OpenAIAnthropicAlphabet (Google)TSMC
  9. Aug 26, 2026, 16:36 ETNVIDIA filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAISB EnergyCoreWeaveOracleAnthropicIntelTSMCMicron
  10. Aug 26, 2026, 16:21 ETNVIDIA filed a current report (8-K): results of operations (Item 2.02). Filing on SEC.govConnected:OpenAISB EnergyCoreWeaveOracleAnthropicIntelTSMCMicron
  11. Aug 26, 2026, 08:06 ETMicron filed a current report (8-K): officer or director change (Item 5.02). Filing on SEC.govConnected:AnthropicNVIDIA
  12. Aug 17, 2026, 08:41 ETNVIDIA filed a current report (8-K): material agreement (Item 1.01), new financial obligation (Item 2.03), Regulation FD disclosure (Item 7.01). Filing on SEC.govConnected:OpenAISB EnergyCoreWeaveOracleAnthropicIntelTSMCMicron
  13. Aug 10, 2026, 16:10 ETAlphabet (Google) filed a current report (8-K): other events (Item 8.01). Filing on SEC.govConnected:AnthropicBroadcom
  14. Jul 30, 2026, 18:11 ETAmazon filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAIAnthropic
Evidence

Every relationship of Anthropic

Amazon’s Anthropic stake: $8.0 billion of notes and $10.0 billion of preferred stockAmazon · Anthropic · 2023
Investment: notes and preferred stockActiveFiled with the SEC

$8.0 billion of convertible notes (2023 to 2025), $5.0 billion of Series G and $5.0 billion of Series H preferred stock (Q2 2026), and a financing facility with $15.0 billion still available.

  • Investment exposure: Amazon is exposed to the value or credit of Anthropic.
  • Investment dependence: Anthropic relies on capital or credit support from Amazon.
  • Capital flows from Amazon to Anthropic.
First verified evidence
Q3 2023
Latest evidence
Jul 31, 2026
What the sources say

  1. $8.0 billion of convertible notes from Q3 2023 to Q4 2025.

    “From Q3 2023 to Q4 2025, we invested $8.0 billion in convertible notes from Anthropic”
    Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026

  2. $5.0 billion of Series G nonvoting preferred stock in Q2 2026.

    “In Q2 2026, we invested $5.0 billion in Anthropic Series G nonvoting preferred stock.”
    Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026

  3. $10.0 billion of nonvoting preferred stock in total in Q2 2026 (Series G and Series H).

    “In Q2 2026, we also invested $10.0 billion in Anthropic nonvoting preferred stock.”
    Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026

  4. A facility of up to $20.0 billion, made available as compute milestones are delivered.

    “we entered into a financing arrangement to make available to Anthropic an aggregate facility not to exceed $20.0 billion”
    Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026

  5. $5.0 billion of Series H preferred stock in Q2 2026, leaving $15.0 billion available under the facility.

    “in Q2 2026, we exercised our option to participate in subsequent Anthropic equity financings by investing $5.0 billion in Anthropic Series H nonvoting preferred stock, which reduced the amount available under the facility to $15.0 billion.”
    Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To Amazon: Disclosed Upward adjustments of about $50.5 billion in Q2 2026 to Amazon’s Anthropic preferred stock, recorded in other income.
    “We recorded upward adjustments of approximately $50.5 billion in Q2 2026 and $62.8 billion for the six months ended June 30, 2026 to our nonvoting preferred stock”
    Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
  • To Anthropic: Unknown Anthropic is private; no source states Amazon’s share of its funding.
Anthropic committed more than $100 billion to AWS over 10 yearsAmazon · Anthropic · 2023
InfrastructureCommitted (future delivery)Filed with the SEC

Amazon is Anthropic’s primary training partner and cloud provider; in Q2 2026 the commitment grew by more than $100 billion over ten years, for up to 5 gigawatts.

  • Infrastructure dependence: Anthropic depends on compute or data-center capacity from Amazon.
  • Customer dependence: Amazon depends on sales to Anthropic.
  • Anthropic pays Amazon for compute or data-center capacity.
First verified evidence
2023
Latest evidence
Jul 31, 2026
What the sources say

  1. Anthropic has worked with Amazon since 2023.

    “We have worked closely with Amazon since 2023”
    Anthropic (newsroom), Apr 20, 2026excerpt re-checked Oct 18, 2026

  2. Amazon is its primary training partner and cloud provider.

    “We remain committed to our partnership with Amazon, our primary training partner and cloud provider”
    Anthropic (newsroom), Oct 23, 2025excerpt re-checked Oct 18, 2026

  3. Q2 2026: the multi-year commitment grew by more than $100.0 billion over 10 years.

    “In Q2 2026, AWS and Anthropic announced an expansion of the strategic collaboration and existing multi-year commitment by more than $100.0 billion over 10.0 years”
    Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026

  4. Up to 5 gigawatts of capacity, nearly 1 gigawatt of Trainium2 and Trainium3 by the end of 2026.

    “secure up to 5 gigawatts (GW) of capacity for training and deploying Claude, including new Trainium2 capacity coming online in the first half of this year and nearly 1GW total of Trainium2 and Trainium3 capacity coming online by the end of 2026.”
    Anthropic (newsroom), Apr 20, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To Amazon: Unknown Amazon gives the contract size but not Anthropic’s share of its revenue.
  • To Anthropic: Unknown Anthropic is private.
Anthropic runs on Google Cloud TPUs, with gigawatts more from 2027Alphabet (Google) · Anthropic · Feb 3, 2023
InfrastructureCommitted (future delivery)Stated by one company

Google Cloud has been an Anthropic cloud provider since February 2023; Anthropic planned up to one million TPUs (tens of billions of dollars) and signed for multiple gigawatts more from 2027.

  • Infrastructure dependence: Anthropic depends on compute or data-center capacity from Alphabet (Google).
  • Customer dependence: Alphabet (Google) depends on sales to Anthropic.
  • Anthropic pays Alphabet (Google) for compute or data-center capacity.
First verified evidence
Feb 3, 2023
Latest evidence
Apr 6, 2026
What the sources say

  1. February 2023: Anthropic selected Google Cloud as its cloud provider.

    “Anthropic, an AI safety and research company, has selected Google Cloud as its cloud provider.”
    Anthropic (newsroom), Feb 3, 2023excerpt re-checked Oct 18, 2026

  2. October 2025: up to one million TPUs, worth tens of billions of dollars, well over a gigawatt in 2026.

    “The expansion is worth tens of billions of dollars and is expected to bring well over a gigawatt of capacity online in 2026.”
    Anthropic (newsroom), Oct 23, 2025excerpt re-checked Oct 18, 2026

  3. April 2026: multiple gigawatts of next-generation TPU capacity from 2027, with Google and Broadcom.

    “We have signed a new agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity that we expect to come online starting in 2027.”
    Anthropic (newsroom), Apr 6, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To Alphabet (Google): Unknown Alphabet does not name Anthropic’s share of its revenue.
  • To Anthropic: Unknown Anthropic is private.
Anthropic will access about 3.5 gigawatts through Broadcom from 2027Broadcom · Anthropic · Apr 6, 2026
InfrastructureCommitted (future delivery)Filed with the SEC

Broadcom says in an SEC filing that Anthropic will access about 3.5 gigawatts of TPU-based compute through Broadcom from 2027, and that its consumption depends on Anthropic’s continued commercial success.

  • Infrastructure dependence: Anthropic depends on compute or data-center capacity from Broadcom.
  • Customer dependence: Broadcom depends on sales to Anthropic.
  • Anthropic pays Broadcom for compute or data-center capacity.
First verified evidence
Apr 6, 2026
Latest evidence
Apr 6, 2026
What the sources say

  1. About 3.5 gigawatts through Broadcom from 2027, part of Anthropic’s TPU commitment.

    “Anthropic, beginning in 2027, will access through Broadcom approximately 3.5 gigawatts as part of the multiple gigawatts of next generation TPU-based AI compute capacity committed by Anthropic.”
    Broadcom (SEC filing), 8-K, Apr 6, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To Broadcom: Described, no figure Broadcom states the dependence directly: the capacity is consumed only if Anthropic keeps succeeding commercially.
    “The consumption of such expanded AI compute capacity by Anthropic is dependent on Anthropic’s continued commercial success.”
    Broadcom (SEC filing), 8-K, Apr 6, 2026excerpt re-checked Oct 18, 2026
  • To Anthropic: Unknown Anthropic is private.
Anthropic committed $30 billion to AzureMicrosoft · Anthropic · Nov 18, 2025
InfrastructureCommitted (future delivery)Stated by both companies

Anthropic committed to buy $30 billion of Azure compute capacity and to contract additional capacity up to one gigawatt.

  • Infrastructure dependence: Anthropic depends on compute or data-center capacity from Microsoft.
  • Customer dependence: Microsoft depends on sales to Anthropic.
  • Anthropic pays Microsoft for compute or data-center capacity.
First verified evidence
Nov 18, 2025
Latest evidence
Nov 18, 2025
What the sources say

  1. $30 billion of Azure compute capacity and up to one gigawatt more.

    “Anthropic has committed to purchase $30 billion of Azure compute capacity and to contract additional compute capacity up to one gigawatt.”
    Microsoft (Official Microsoft Blog), Nov 18, 2025excerpt re-checked Oct 18, 2026

  2. The capacity starts with up to one gigawatt of NVIDIA Grace Blackwell and Vera Rubin systems, delivered on Azure.

    “Anthropic’s compute commitment will initially be up to one gigawatt of compute capacity with NVIDIA Grace Blackwell and Vera Rubin systems.”
    Anthropic (newsroom), Nov 18, 2025excerpt re-checked Oct 18, 2026
How much it matters
  • To Microsoft: Unknown Microsoft’s annual report does not name Anthropic.
  • To Anthropic: Unknown Anthropic is private.
  • Anthropic buys this capacity from Microsoft; the sources do not describe a direct purchase from NVIDIA, so no NVIDIA supply link is drawn for it.
Microsoft committed up to $5 billion to AnthropicMicrosoft · Anthropic · Nov 18, 2025
Investment: sharesPartly completedStated by both companies

Announced in November 2025; Anthropic says its February 2026 Series G included a portion of it. The amount invested so far is not stated.

  • Investment exposure: Microsoft is exposed to the value or credit of Anthropic.
  • Investment dependence: Anthropic relies on capital or credit support from Microsoft.
  • Capital flows from Microsoft to Anthropic.
First verified evidence
Nov 18, 2025
Latest evidence
Feb 12, 2026
What the sources say

  1. Up to $5 billion (NVIDIA: up to $10 billion).

    “NVIDIA and Microsoft are committing to invest up to $10 billion and up to $5 billion respectively in Anthropic.”
    Microsoft (Official Microsoft Blog), Nov 18, 2025excerpt re-checked Oct 18, 2026

  2. The Series G round included a portion of the investments from Microsoft and NVIDIA.

    “This round also includes a portion of the previously announced investments from Microsoft and NVIDIA.”
    Anthropic (newsroom), Feb 12, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To Microsoft: Unknown Not stated.
  • To Anthropic: Unknown Anthropic is private.
NVIDIA committed up to $10 billion to AnthropicNVIDIA · Anthropic · Nov 18, 2025
Investment: sharesPartly completedStated by both companies

Announced in November 2025; Anthropic says its February 2026 Series G included a portion of it. The amount invested so far is not stated.

  • Investment exposure: NVIDIA is exposed to the value or credit of Anthropic.
  • Investment dependence: Anthropic relies on capital or credit support from NVIDIA.
  • Capital flows from NVIDIA to Anthropic.
First verified evidence
Nov 18, 2025
Latest evidence
Feb 12, 2026
What the sources say

  1. Up to $10 billion.

    “NVIDIA and Microsoft are committing to invest up to $10 billion and up to $5 billion respectively in Anthropic.”
    Anthropic (newsroom), Nov 18, 2025excerpt re-checked Oct 18, 2026

  2. The Series G round included a portion of the investments from Microsoft and NVIDIA.

    “This round also includes a portion of the previously announced investments from Microsoft and NVIDIA.”
    Anthropic (newsroom), Feb 12, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To NVIDIA: Unknown Not stated.
  • To Anthropic: Unknown Anthropic is private.
Micron invested in Anthropic’s Series HMicron · Anthropic · May 28, 2026
Investment: preferred stockActiveStated by one company

Anthropic named Micron, Samsung and SK hynix as strategic infrastructure investors in its May 2026 round; amounts are not stated.

  • Investment exposure: Micron is exposed to the value or credit of Anthropic.
  • Investment dependence: Anthropic relies on capital or credit support from Micron.
  • Capital flows from Micron to Anthropic.
First verified evidence
May 28, 2026
Latest evidence
May 28, 2026
What the sources say

  1. A strategic infrastructure partner in the Series H round.

    “Joining them are strategic infrastructure partners—Micron, Samsung, and SK hynix”
    Anthropic (newsroom), May 28, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To Micron: Unknown Not stated.
  • To Anthropic: Unknown Anthropic is private.

Catalog BESTIES-v1, reviewed Oct 18, 2026. Paper research only, not investment advice. Method and sources

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