Alphabet shares are rising in Thursday's after-hours session after Anthropic announced plans to expand use of Google Cloud technologies.

Investing.com -- Alphabet (NASDAQ:GOOGL) stock rose 1.15% in after-hours trading Thursday following news that AI company Anthropic will dramatically expand its use of Google Cloud’s TPU chips, securing access to over one million of these specialized AI processors.

Anthropic PBC is in discussions with Alphabet Inc.’s Google about a deal that would provide the artificial intelligence company with additional computing power valued in the high tens of billions of dollars,

Google is reportedly negotiating a multi-billion-dollar cloud partnership with Anthropic, potentially worth tens of billions, just as OpenAI unveils ChatGPT Atlas.