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Anthropic's IPO filing shows it routed 47% of 2025 sales, about $2.16 billion, through cloud partners Amazon and Google, and paid roughly $351 million in distribution fees back to them. The disclosure, reported by Reuters, exposes how much the AI developer depends on rivals' infrastructure and how costly that distribution is.
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Summary by ByteBrief
Anthropic IPO Filing Leaks, Valuation Tops $2 Trillion