AI TRENDS | Anthropic Discloses More Than $10 Billion in New Compute Deals With Microsoft and Google

Anthropic plans to add about $10 billion in cloud-server leases with Microsoft and Google through 2033, beyond its previously disclosed spending plans. According to Sina Finance, a Tuesday regulatory filing raised Anthropic’s commitment to Microsoft Azure from $44.9 billion to $49.2 billion and its Google Cloud commitment from $114.5 billion to $121.6 billion, on top of a previously outlined cloud-services spending plan of about $650 billion. The filing also said Anthropic’s $34.9 billion server-space lease agreement with Lambda could be canceled because Lambda missed the agreed deadline to build data centers. Anthropic said it has the right to cancel but currently has no intention of doing so. Other previously signed contracts remain unchanged: $161.2 billion for equipment from Broadcom, $120.5 billion for computing capacity from SpaceX, and $110 billion for cloud resources from Amazon, along with smaller agreements with other cloud providers. Anthropic warned that it may sign more short-term compute contracts to meet business demand. These contracts cost substantially more than long-term agreements and could weigh on operating margins in the near term. The company reported a third-quarter operating loss of $567 million, compared with operating profit of $974 million in the previous quarter, attributing the reversal mainly to high-priced short-term compute purchases.