Anthropic could spend more than $800bn in infrastructure costs over the next decade, according to an initial registration statement released Monday (26 October), reflecting the unprecedented amount of capital technology giants are racing to secure to power the AI boom.
Anthropic has agreed to pay up to $807bn to cloud providers including Microsoft, SpaceX, Nscale, Lambda and other companies to secure access to computing capacity to run its models over the next decade, according to the AI giant’s highly anticipated S-1.
The largest single commitment agreement is about $161bn in rent, not counting interest, that Anthropic has agreed to pay chipmaker Broadcom for access to compute capacity over the next five years. The leases are classified as finance leases, making them debt-like liabilities that will be added to the balance sheet as equipment moves online.
The infrastructure costs, much of which cannot be cancelled, underscore the magnitude of capital technology giants are willing to spend to build out their artificial intelligence offerings, which rely on a limited supply of data centers, energy and chips. It also reflects the surging growth of the operator of the Claude chatbot, which was founded just five years ago.
“Anthropic will...
