AI Tech / news
Anthropic Flags Cloud Capacity Crunch Ahead of November IPO
Anthropic is reportedly struggling to secure enough cloud capacity from AWS, Google and Microsoft as those providers increasingly treat the Claude developer as a competitor. The tension surfaces in a leaked S-1 filing that also details ballooning infrastructure commitments ahead of a planned November listing.
According to the leaked filing, the AI developer has found it hard to lock down sufficient computing capacity from the three hyperscalers that supply much of the infrastructure behind its Claude models. Those vendors are now described as viewing Anthropic more as a rival than as a customer.
The company nonetheless expects to commit more than $750 billion to cloud contracts, some of which remain under negotiation, figures that had already circulated in late September. Even at that scale, the filing indicates the arrangements are not enough to cover its compute needs.
To close the gap, Anthropic is leasing its own data centers and working with third-party operators. The filing cautions that those operators have a "limited operating history," a factor the company suggests could make them less dependable than the established hyperscalers.
The spending plans sit alongside steep losses. Anthropic recorded a net loss of $80.7 billion in the first half of the year against $16.3 billion in revenue, with just two customers accounting for roughly a fifth of sales.
The filing also warns that Anthropic could be held liable for damages stemming from harmful AI behavior at a level exceeding its available insurance coverage, building on previously reported catastrophic risk disclosures. Separately, the company told prospective investors last week that third-quarter revenue reached $16.8 billion, a 45% increase on the prior quarter.