Anthropic's $518B AI Buildout Tied to Non-Cancelable Deals

Anthropic plans to spend at least $518 billion over a decade on AI infrastructure with six partners, according to a confidential IPO prospectus seen by Reuters. About 80% of the commitments are non-cancelable or payable regardless of usage, including $250 billion in minimum spending with Google, Amazon, and Microsoft. The company says compute scarcity, not demand, will constrain AI development.