Anthropic’s IPO and Our Collective Leap Of Faith

When Anthropic’s pre-IPO numbers leaked this week, its vast losses and unbreakable commitments were both remarkable and scary. The company’s revenue is growing impressively, jumping from $400 million in 2024 to $4.6 billion in 2025. But it spent $7.3 billion on infrastructure alone last year and expects to spend $518 billion on it over the next decade. Of that $518 billion, approximately 80% is non-cancellable. As AI models have grown more capable, Anthropic has been a main beneficiary, but as the economy depends increasingly on AI to succeed, it’s effectively taking us all on a leap of faith that it…

First reported by Big Technology. This page is a short excerpt; the full text is theirs.