Key facts
- Anthropic is struggling to secure cloud capacity from AWS, Google, and Microsoft.
- Hyperscalers view Anthropic as a competitor, impacting capacity access.
- Anthropic anticipates spending over $750 billion on cloud contracts.
- The company is leasing data centers due to insufficient hyperscaler capacity.
- Anthropic reported an $80.7 billion net loss in the first half of 2026.
- Third-quarter revenue reached $16.8 billion, a 45% increase from the prior quarter.
Anthropic is facing significant challenges in securing the necessary cloud computing capacity from major providers like AWS, Google, and Microsoft. These hyperscalers are increasingly viewing the AI company as a competitor, potentially limiting its access to resources, according to a leaked S-1 filing reported by The Wall Street Journal. The filing suggests Anthropic anticipates spending over $750 billion on cloud contracts, but this may not be sufficient. Consequently, Anthropic is exploring leasing its own data centers and engaging third-party operators, though it expresses concerns about the reliability of these alternative providers due to their limited operating history. The company reported a substantial $80.7 billion net loss in the first half of 2026 on $16.3 billion in revenue, with two customers accounting for approximately one-fifth of sales. In a separate development, Anthropic disclosed in the filing that it could face liability exceeding its insurance coverage due to harmful AI behavior. The company recently informed prospective investors that its third-quarter revenue reached $16.8 billion, marking a 45% increase from the previous quarter, and is reportedly aiming for an IPO in November.