Anthropic struggles to secure enough cloud capacity, leaked IPO filing shows
AI company Anthropic, maker of Claude, is having trouble securing cloud capacity as AWS, Google and Microsoft increasingly view it as a competitor. This comes from a leaked S-1 filing cited by The Wall Street Journal.
Anthropic, the US artificial intelligence company behind the Claude models, is struggling to secure enough cloud computing capacity from Amazon's AWS, Google and Microsoft, which increasingly see it as a rival rather than a customer. That is according to an S-1 filing leaked to The Wall Street Journal. An S-1 is the document companies file with the US regulator when preparing an initial public offering (IPO) of shares. Anthropic is reportedly targeting an IPO in November.
Spending and capacity
The leaked filing adds detail to figures Reuters and the Financial Times reported in late September. Anthropic believes it could spend more than $750 billion on cloud contracts, some of which are still being negotiated. Even so, that is not enough.
The company is leasing its own data centers and working with third-party data center operators. However, it worries that these operators have a "limited operating history," which could make them less reliable than the large cloud providers known as hyperscalers.
Financials and risks
In the first half of the year, Anthropic posted a net loss of $80.7 billion against revenue of $16.3 billion. According to the WSJ, just two customers accounted for about a fifth of sales.
The filing also warns that Anthropic could be held liable for damages caused by harmful AI behavior, in amounts exceeding its available insurance coverage.
Last week, the company told prospective investors that third-quarter revenue alone had reached $16.8 billion, up 45% from the previous quarter. Anthropic did not immediately respond to TechCrunch's request for comment.
