Anthropic reveals nearly $900 billion in future commitments in IPO filing

The Claude maker's S-1 shows soaring revenue, a massive loss, and decades of largely non-cancelable spending on servers, buildings, and power Anthropic has finally opened its books. The first thing inside is a bill that could total nearly $900 billion. The AI lab behind the Claude model filed its S-1 registration statement with the SEC on October 26, 2026. The filing lays out future payment obligations for servers, data centers, buildings, and power that stretch across one to 20 years. Most of them are largely non-cancelable, which is a polite way of saying the checks are due whether the AI boom keeps booming or not. What the filing actually shows The headline number breaks into layers. The firmest layer is approximately $417 billion in minimum payments for compute infrastructure, data centers, and leases. On top of that sit an additional $125 to $150 billion in projected capacity costs covering 2028 through 2031. Those are expected costs rather than locked minimums. Broader obligations push the total commitments toward the nearly $900 billion mark. The partner list reads like a who’s who of Big Tech. Broadcom accounts for $161 billion, Google for $114.5 billion, Amazon for $110 bi...