Anthropic could spend $750bn on compute, The Wall Street Journal reports

Anthropic's draft IPO filing reveals plans to spend up to $750 billion on computing over the coming years, including large cloud contracts with Google, AWS, and Microsoft. The company reported a net loss of $80.7 billion in H1 2026, driven largely by accounting charges, while revenue surged to $16.3 billion in the same period. Anthropic plans to begin IPO marketing in early November aiming for a $2 trillion valuation.