Anthropic reported $16.3 billion in revenue for the first half of 2026 alongside an $80.7 billion net loss in a draft IPO prospectus. These losses are largely attributed to non-cash accounting adjustments. The company has committed approximately $450 billion to cloud computing over the next seven to ten years, heavily relying on major providers such as Google Cloud, AWS, and Microsoft. Market participants now price the odds of Anthropic reaching a $600 billion valuation by December 31 at just 2.7%.
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