Ipo

ANTH

Anthropic is reportedly struggling to secure enough compute from cloud providers that increasingly view it as a competitor, even as its infrastructure spending balloons ahead of a planned November IPO. Its draft S-1 shows it spent ~$9B on compute and infrastructure in H1, up from $2.3B a year earlier, and could spend $750B in the coming years. Its IPO prospectus shows H1 2026 revenue of $16.3B, ~20% from two customers, vs. $1.1B in H1 2025, and an $80.7B net loss driven by accounting charges.

Anthropic is reportedly struggling to secure enough compute from cloud providers that increasingly view it as a competitor, even as its infrastructure spending balloons ahead of a planned November IPO.

Business • TechCrunch AI

ANTH

Anthropic is barreling toward a potential $2 trillion market cap on the Nasdaq, but one research firm values the company at $150 billion. The firm calls the upcoming IPO the 'most ridiculous IPO of 2026' and an 'unprecedented test of investor gullibility.'