According to a draft S-1 filing reported by The Wall Street Journal, Anthropic could spend up to $750 billion on compute over roughly the next decade, including $450 billion in noncancelable cloud contracts. The bulk of that goes to Alphabet ($160 billion for processors leased through Broadcom and $111 billion for Google Cloud), Amazon Web Services ($110 billion), Nvidia ($86 billion) and Microsoft ($31 billion). Revenue reached $16.3 billion in the first half of this year, up from $1.1 billion in the same period of 2025, but losses hit $80 billion, of which $72 billion came from an accounting adjustment tied to convertible notes. The article says GAAP profitability looks distant, even though the company was slightly profitable on an adjusted basis in the third quarter, and that losing a major customer could pressure margins, since two customers account for 20% of revenue.
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Related news
- This Nvidia-Backed Cloud Computing Firm Is Reportedly In Talks To Sign A $45B Compute Deal With Anthropic
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Anthropic PBC has signed up for more than $600 billion in long-term computing capacity. Its draft IPO prospectus, however, says the company still cannot secure as much compute as it wants.
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