Anthropic disclosed $10.8 billion in remaining performance obligations, representing revenue that has already been contracted but not yet recognized. The company expects 75% of that amount to be converted into revenue over the next 12 months. A separate $265 million financing commitment remained unconfirmed as of late October. Across 2025 and 2026, the company reportedly raised more than $30 billion, reached valuations of between $350 billion and $380 billion, and pledged more than $500 billion in infrastructure commitments to Amazon, Google, Microsoft, and Broadcom, despite net losses approaching $80 billion over six months.
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