Anthropic's IPO prospectus shows 47% of 2025 sales flowed through Amazon and Google, which are also investors, suppliers, and rivals. Two unnamed customers each accounted for 12% of revenue. The filing warns of conflicts of interest and risks to computing access, as Anthropic's long-term commitments exceed $417 billion.
Anthropic IPO Filing Reveals Heavy Reliance on Amazon, Google
Source: Reuters