> 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.
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.
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 ..
$900b contract spending / $30b = 30 years of revenue.
That’s wild. They have committed to absolutely insane growth with no margin for error.
> 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.
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.
So basically it works out if they become a Microsoft level company
It works out if they can keep up basically one more quarter of their previous growth rate and then plateau for the rest of time.
If you are going bankrupt, you may as well go bankrupt spectacularly.
Pretty insane that sama's $7T target in 2024 wasn't that far off... https://www.wsj.com/tech/ai/sam-altman-seeks-trillions-of-do...
How much to power those data centers? It's kind of meaningless if you can't power them.
You can just stop using electricity. Have you tried living in a tent? But seriously, rising prices is the solution.
Discussion: https://news.ycombinator.com/item?id=50337439
Anyone have a non paywall link?
https://wallhop.io/https://www.ft.com/content/4d91dbab-6fe4-...
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 ..
i'm pretty sure the plan is for labor to pay for it, by giving up their pay, involuntarily.
I dont want to be a bag holder, but the indices seem to be being gamed to get retail investors involved