Anthropic reportedly has 70–80 letters of intent in the market for data center capacity

https://time.com/collections/time100-companies-2024/6980000/anthropic-2 Anthropic, a leading AI lab known for its Claude models, reportedly has between 70 to 80 letters of intent for data center capacity. This development suggests a strategic move to secure substantial infrastructure in anticipation of growth. The company has been valued at $965 billion following a significant funding round in May 2026, surpassing the valuation of its competitor, OpenAI. The reported LOIs align with previous announcements of major compute expansion agreements with Amazon and Google/Broadcom, indicating Anthropic’s aggressive approach in scaling its operations. Market participants are interpreting this activity as consistent with Anthropic reaching or exceeding a $1.25 trillion valuation by year-end. Key Takeaways Market activity appears to reflect confidence in Anthropic’s growth, as indicated by the high volume of LOIs for data center capacity. Anthropic’s infrastructure investments and strategic partnerships with major entities like Amazon and Google suggest strong positioning in the AI sector. Current market pricing suggests a high probability of Anthropic achieving a $1.25 trillion valuation by...