The Information just reported Anthropic has lined up at least 14.8 GW of new compute since October, potentially costing as much as $517 B over the next decade.

Anthropic’s annualized revenue has reportedly passed $65 B, ahead of OpenAI’s $40+B, yet OpenAI says it has roughly 2X as much compute capacity planned.

To note, Claude now spans AWS Trainium, Google TPUs and Nvidia hardware, with up to 2GW of AMD systems planned from 2027.

Anthropic's compute-suppliers are increasingly financing the company that is committing to buy their infrastructure. Amazon announced $5B of new investment, with up to $20B more, alongside a compute commitment exceeding $100B; Microsoft and Nvidia committed up to $5B and $10B while Anthropic agreed to buy $30B of Azure capacity.

Those arrangements help suppliers secure a huge customer and help Anthropic finance expansion.

These arrangement also makes utilization and serving margins more informative than either fundraising totals or compute commitments viewed alone.