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. 📉
The "Pay Anyway" Trap 🔒
A massive 80% of this budget—amounting to $413.7 billion—is locked in through non-cancelable contracts. Anthropic is legally on the hook to pay this money even if they leave the servers completely idle.
Where is the money going? 💸
The biggest winners of this spending spree are some of tech's heavyweights:
Broadcom ($AVGOB ): $161.2 billion 🏢
Google ($GOOGLB ): $111.1 billion 🌐
Amazon ($AMZNB ): $110 billion 📦
The Flexible Exception 🛰️
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 🤝
The irony of this massive financial commitment? The most rigid, non-cancelable portions of the spending go directly to Google and Amazon—two mega-corporations that also happen to be major shareholders in Anthropic.
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