> The filing directly discloses for the first time that Anthropic has agreed $895.4bn in purchase commitments and lease agreements for computing power and infrastructure, of which $447.5bn is expected to be incurred before the end of 2030.
So $448 billion committed, with unclear cancellation terms, through the next ~48 months.
Clearly this will be rising over time, but even a naive division results in $10bn per month of compute spending.
That honestly doesn't seem so bad relative to some of the claims I've seen? Their Q3 revenue is about $5.6bn per month and it's rising. They have so much money in the bank waiting to be deployed that they get a billion dollars of interest per year. Investors are desperate to put more money into the company.
They spend a lot on compute, but rolling it up into cumulative spend numbers makes it sound scarier.
digitaltrees 4 minutes ago [-]
$900b contract spending / $30b = 30 years of revenue.
That’s wild. They have committed to absolutely insane growth with no margin for error.
simonw 18 minutes ago [-]
The commitments are over 19 years, but they expect to spend half of that, $447.5bn, by the end of 2030 - so about $105bn per year for the first few years.
Their 2026 revenue looks like it will be ~$67bn so clearly they're anticipating continued significant revenue growth for this to make sense.
hackcasual 13 minutes ago [-]
So basically it works out if they become a Microsoft level company
ohh boy, guess who's gonna pay for all of this ? Retail investors of course. VCs want to get out quickly hence the crazy valuation, institutionnal investors are already heavily positionned on this through energy, semiconductors and cloud actors ..
yfw 24 minutes ago [-]
I dont want to be a bag holder, but the indices seem to be being gamed to get retail investors involved
baron3dl 28 minutes ago [-]
i'm pretty sure the plan is for labor to pay for it, by giving up their pay, involuntarily.
20 minutes ago [-]
Rendered at 20:40:33 GMT+0000 (Coordinated Universal Time) with Vercel.
So $448 billion committed, with unclear cancellation terms, through the next ~48 months.
Clearly this will be rising over time, but even a naive division results in $10bn per month of compute spending.
That honestly doesn't seem so bad relative to some of the claims I've seen? Their Q3 revenue is about $5.6bn per month and it's rising. They have so much money in the bank waiting to be deployed that they get a billion dollars of interest per year. Investors are desperate to put more money into the company.
They spend a lot on compute, but rolling it up into cumulative spend numbers makes it sound scarier.
That’s wild. They have committed to absolutely insane growth with no margin for error.
Their 2026 revenue looks like it will be ~$67bn so clearly they're anticipating continued significant revenue growth for this to make sense.