According to their recent IPO prospectus, Anthropic is committing a staggering $518 billion to computing power over the next decade. To put this financial leap into perspective, their current annualized revenue (based on Q2 figures) sits at just around $46 billion, while their new average annual compute expense will hit $52 billion. đ
The "Pay Anyway" Trap đ
A massive 80% of this budgetâamounting to $413.7 billionâis locked in through non-cancelable contracts. Anthropic is legally on the hook to pay this money even if they leave the servers completely idle.
Where is the money going? đž
The biggest winners of this spending spree are some of tech's heavyweights:
Broadcom ($AVGOB ): $161.2 billion đą
Google ($GOOGLB ): $111.1 billion đ
Amazon ($AMZNB ): $110 billion đŠ
The Flexible Exception đ°ïž
The only major deal with an easy out is their $84.5 billion agreement with SpaceX (SPCX). The majority of this specific contract can be canceled with a simple 90-day notice.
The Insider Edge đ€
The irony of this massive financial commitment? The most rigid, non-cancelable portions of the spending go directly to Google and Amazonâtwo mega-corporations that also happen to be major shareholders in Anthropic.
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