Anthropic plans to spend over $600 billion on compute, WSJ reports

Anthropic plans to spend more than $600 billion on computing power. That is according to draft S-1 documents reviewed by The Wall Street Journal as the company prepares for an initial public offering. What the filings reportedly show The new number is an upgrade. An earlier projection put Anthropic’s compute commitments at approximately $518 billion, spread over roughly a decade. Of that earlier total, 80% was described as non-cancelable. The commitments involve Amazon, Google, Microsoft, Broadcom and AMD, along with others. The AMD deal stands out. The chipmaker is set to supply up to two gigawatts of its MI450 chips, with deliveries beginning in 2027. That arrangement also includes a potential $5 billion equity investment tied to milestones. Anthropic has also lined up data center capacity through contracts with SpaceX and other partners. The revenue is growing fast. The bills are growing faster. Anthropic’s 2025 numbers tell a story of explosive growth paired with eye-watering costs. Revenue came in near $4.6 billion, a twelvefold jump from the prior year. Anthropic posted an operating loss of more than $8 billion for the same year. The company spent $7.33 billion on compute and...