Anthropic Plans $518 Billion AI Spend as Crypto Traders Stay Calm
Massive AI spending plan unveiled
AI company Anthropic plans to spend $518 billion on cloud computing and infrastructure over the coming years. This information comes from an initial public offering (IPO) prospectus reviewed by Reuters. An IPO is when a private company sells shares to the public for the first time.
The company frames this huge investment as a belief that artificial intelligence will impact the global economy more than past innovations like electricity or the internet. Despite the ambitious plan, financial derivatives trading on crypto exchanges showed very little movement.
Key figures from the filing
- Anthropic reported a net loss of $42 billion in 2025.
- About $34 billion of that loss was a non-cash accounting charge related to financing.
- Revenue increased twelve times to nearly $4.6 billion last year.
- The company held $20.28 billion in cash and short-term investments at the end of 2025.
- Nearly 25% of revenue came from just two customers.
Trading activity remains steady
Pre-IPO perpetual futures allow traders to bet on a company's value before it officially lists on a stock exchange. These contracts are synthetic derivatives, meaning they are financial agreements that settle in cash rather than giving ownership of actual company shares.
On Tuesday, these contracts traded at $1,998 across major exchanges, a drop of about 2% over 24 hours. This price implies a company valuation of roughly $2 trillion. The total value of outstanding contracts, known as open interest, exceeded $100 million. Twelve different exchanges currently list these Anthropic markets.
Valuation expectations
Reuters reports that Anthropic's public listing could happen after the November U.S. midterm elections. If successful, the company could be valued at more than $2 trillion. This would be more than double the $965 billion valuation from its funding round in May.
Limited customer contracts
The prospectus includes a warning that many of Anthropic's largest clients do not have long-term contracts locking them in. Additionally, the company noted that a significant portion of its revenue relies on just two customers.
Source
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
Related Posts
DeFi Development Corp launches real-time Solana data platform 'State of Solana'
Trump and Melania memecoins have lost over 95% of their peak value
