Anthropic draft shows $80.7 billion first-half loss

Anthropic’s draft initial public offering prospectus shows a net loss of $80.7 billion in the first half of 2026, a result largely attributed to noncash accounting charges as the artificial intelligence company reported sharply higher revenue and extensive computing commitments. The figures, described in reporting on the confidential draft, compare with a $13 billion loss in the same period of 2025. About $72 billion of the 2026 loss reportedly came from changes in the estimated value of convertible notes and other financing instruments. The accounting charge did not represent an equivalent amount of cash spent on operations. Anthropic reported first-half revenue of $16.3 billion, up from $1.1 billion a year earlier. It spent nearly $9 billion on computing capacity and infrastructure in the six months, compared with $2.3 billion in the same period of 2025, according to the draft. The company’s growing demand for computing reflects the resources required to develop and run its AI models and products, including Claude and the coding assistant Claude Code. The draft reportedly describes about $450 billion in cloud-computing agreements over the next seven to ten years, many of...