Key facts
- Anthropic reported a net loss of $80.7 billion in the first half of 2026.
- The majority of the loss, $72 billion, stemmed from accounting charges on convertible notes.
- Revenue surged to $16.3 billion in the first half of 2026, up from $1.1 billion a year prior.
- Spending on AI infrastructure nearly quadrupled to almost $9 billion in the first half of 2026.
- Anthropic plans to spend up to $750 billion in coming years on computing capacity.
- Investors are considering a valuation of around $1.5 trillion, down from an expected $2 trillion.
Artificial intelligence company Anthropic reported a net loss of $80.7 billion in the first half of 2026, a significant increase from $13 billion in the same period last year. The majority of the loss, approximately $72 billion, was attributed to accounting charges related to convertible notes issued for fundraising. Despite the reported loss, Anthropic's revenue surged to $16.3 billion in the period, while its spending on AI infrastructure nearly quadrupled to $9 billion. The company is preparing for an initial public offering (IPO) on Nasdaq under the ticker ANT, though investors are now considering a lower valuation of around $1.5 trillion, down from a previous expectation of $2 trillion.