AIFortuneabout 2 hours ago
Anthropic Discloses $895.4 Billion Spending Plan
8 min read
Anthropic updated its IPO prospectus to pledge $895.4 billion in spending through 2045, revealing a squeeze on margins due to rising computing costs. The company relies on suppliers like Broadcom and Google for financing, with Broadcom agreeing to absorb up to $43 billion in losses if Anthropic defaults on a $63 billion equipment-financing arrangement announced on Oct. 26.
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