Anthropic filed an amended prospectus on Monday and the compute bill got a full accounting. Committed spend is $895.4 billion, substantially all of it compute and infrastructure, and roughly $70 billion of that falls due before September 2027.
- Third quarter revenue reached about $17.0 billion, up 47 percent on the previous quarter, after 144 percent growth in Q2.
- Compute and infrastructure cost for the quarter was about $10 billion, up 77 percent. The nine month figure is $14.4 billion.
- About $213 billion of the total can be avoided. The $437 billion of Microsoft, Google, Amazon and Broadcom deals is non-cancelable, and the SpaceX lease can be ended on 90 days notice from next March.
- Anthropic expects more than 3.5 gigawatts of compute this year, with a similar amount due in 2027.
- Two neocloud contracts carry financing conditions. Nscale must obtain qualifying financing for its Nvidia GPUs, and Lambda must secure its facility lease in time.
Read the full analysis, on why the commitment is firm and the financing behind part of it is not.
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