Rohan Paul

Anthropic reveals in its amended S1 filing today, more than $10 billion in new agreements with Microsoft and Google. The Microsoft deal now covers at least $47.2B and up to $49.2B of spending through June 2033, up from a $44.9B minimum. Google’s minimum rose from about $114.5B to about $121.3B through July 2033, and both deals must be paid whether or not Anthropic uses the capacity. That extra long-term capacity could ease its reliance on short-term compute, which cost $5.0B last quarter at significantly higher prices.