Anthropic’s planned public offering has put its long-term computing needs in focus, with The Wall Street Journal reporting as much as $750 billion in potential spending over coming years, including deals still under negotiation.
The estimate is not a finalized spending plan. The Journal put about $450 billion of the possible outlay in cloud-computing contracts extending seven to 10 years; most of these reportedly cannot be canceled.
Among the named counterparties, the Journal listed agreements valued at $111 billion with Google Cloud, $110 billion with Amazon Web Services and $31 billion with Microsoft. Those figures total $252 billion, so they cover only part of the roughly $450 billion pool.
The reported terms imply potential business for the cloud providers, while Anthropic would carry obligations under largely non-cancelable contracts, based on the counterparties and terms in the Journal’s account.
Anthropic has cited customer growth as a reason to add capacity. In April, it described an AWS commitment exceeding $100 billion over a decade as a way to expand computing resources for Claude, after saying demand was putting pressure on its existing infrastructure.
Reuters separately reviewed a draft prospectus and reported Anthropic’s first-half net loss at $80.7 billion. It said a $72 billion accounting charge linked to the estimated value of bonds convertible into company shares explained most of the loss. Reuters put computing and infrastructure spending for the six-month period near $9 billion, compared with $2.3 billion in the year-earlier period.
On June 1, Anthropic said it had sent a draft registration statement confidentially to the Securities and Exchange Commission (SEC). The company said an offering would depend on SEC review, market conditions and other factors; it has announced no offering date, share count or price. Anadolu Agency’s account of the Journal report anticipated publication of IPO papers within several weeks.
