Anthropic is facing significant challenges in acquiring sufficient cloud infrastructure from AWS, Google, and Microsoft, as these industry giants increasingly view the Claude creator as a competitor rather than a client, according to an S-1 filing obtained by The Wall Street Journal.
The leaked document adds context to earlier reports by Reuters and the Financial Times, revealing that Anthropic anticipates potential cloud contract expenditures exceeding $750 billion, a figure that includes ongoing negotiations.
Despite this massive projected spend, the company is currently leasing proprietary data centers and collaborating with independent operators, though it remains concerned about the "limited operating history" of these third-party vendors, fearing they may lack the dependability of the major cloud providers.
This substantial financial commitment follows an $80.7 billion net loss during the first half of the year, despite generating $16.3 billion in revenue over the same period, with approximately one-fifth of sales attributed to just two customers, as noted in the WSJ report.
Building upon previously disclosed catastrophic risk warnings, the filing also highlights the potential for the company to face liability for damages resulting from harmful AI behavior, potentially exceeding its current insurance coverage limits.
The company recently informed prospective investors that third-quarter revenue has already reached $16.8 billion, marking a 45% increase from the previous quarter, and is reportedly aiming for an initial public offering in November.
Anthropic has not responded immediately to TechCrunch's request for comment.
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