Anthropic’s 318-page IPO prospectus , which the company made public today, makes one thing clear: Compute is existential to Anthropic’s business, and not securing enough of it is a significant risk factor. The company’s future computing costs are potentially massive and could swamp Anthropic’s ability to pay for them. In total, the company has committed to spending between $542 billion and $567 billion on future compute and infrastructure, the S-1 reveals. On Dec. 31, 2025, Anthropic signed a $417 billion compute deal with various providers. The deals start between 2026 and 2027, and lasts for one to 20 years. Anthropic also signed up for more capacity, starting between 2028 and 2031, totaling $125 billion to $150 billion. Overall, compute is Anthropic’s number one operating expense, costing it $5.6 billion in the second quarter of 2026. But for now, the company generates a healthy amount of revenue from that spending. The company made $11.6 billion in revenue during the same quarter. Read more [paywall removed for Redditors]: https://fortune.com/2026/10/26/anthropics-s1-ipo-reveals-the-inner-workings-of-its-fast-evolving-compute-strategy/ submitted by /u/fortune
Originally posted by u/fortune on r/ArtificialInteligence