Anthropic's $901B compute bet sparks IPO

anthropic ceo dario amodei highlighted the company's deep business dilemma: buying compute capacity one to two years in advance, despite uncertainty in future revenue. anthropic has committed nearly $901 billion, mostly to compute and chips, with $71 billion due by september 2027. the company is going public to build a cash buffer, planning to raise up to $64.4 billion through the ipo and another $26 billion through a private placement. this comes as anthropic's annualized revenue run rate reached $81 billion.