Alphabet-Backed Anthropic Doubles India Revenue Run-Rate, Big Tech AI Spending Hits $600B
Alphabet is counted among hyperscalers driving TSMC’s record 70% January export surge and 37% monthly revenue growth, as Big Tech AI spending targets $550–$600 billion in 2026. Backed by Alphabet, AI startup Anthropic doubled its India revenue run-rate in four months, and Pichai remains slated for India's AI summit.
1. Big Tech Driving Semiconductor Growth
Taiwan Semiconductor Manufacturing Co. reported a momentum score jump from 89.27 to 92.92 and January exports up 70%, fueled by AI hardware demand from hyperscalers like Alphabet, Amazon and Meta. TSMC also saw a 37% year-over-year revenue increase in January, underscoring Big Tech’s projected $550–$600 billion AI spending in 2026.
2. Alphabet-Backed Anthropic's India Surge
Anthropic, which counts Alphabet among its backers, has doubled its India revenue run-rate over the past four months following its Bengaluru office launch. The AI startup has rolled out Claude Code and Claude Cowork plug-ins, securing partnerships with Air India and Cognizant across legal, education, healthcare and agriculture sectors.
3. Executive Moves at India AI Summit
Nvidia CEO Jensen Huang withdrew from the India AI Impact Summit due to unforeseen circumstances, but Alphabet CEO Sundar Pichai remains scheduled to speak. The summit, inaugurated by India’s prime minister, continues to highlight major AI leaders despite Huang’s absence.