Anthropic Eyes $750 Billion Computing Splurge as IPO Plans Emerge

Anthropic, the San Francisco artificial intelligence startup, could spend as much as $750 billion on additional computing power in the coming years as it prepares for an initial public offering, according to draft filings obtained by the Wall Street Journal. The company has already locked in approximately $450 billion in noncancelable cloud computing agreements stretching across the next seven to ten years, according to the preliminary prospectus.