Anthropic, the company behind the Claude chatbot, has locked in compute commitments totaling hundreds of billions of dollars. It signed a $45 billion six-year deal with Nscale delivering up to 460 megawatts of power, a $10 billion agreement with Volta Infra Holdings for a cloud facility in Norway, and a $30 billion commitment to Microsoft Azure. In June 2026, Anthropic also secured a $35 billion funding tranche under the AI XPV Platform, co-led by Apollo and Blackstone, earmarked for infrastructure expansion exceeding 1 gigawatt of power capacity. This strategy positions the company for a potential IPO while securing critical compute capacity against competitors.
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