Anthropic Reports $80.7 Billion First-Half Loss

Anthropic reported a net loss of $80.7 billion in the first half of 2026, according to figures from a draft initial public offering prospectus, with most of the loss attributed to accounting charges tied to financing instruments. The disclosure comes as the artificial intelligence company discusses a possible public listing and investors weigh its rapid revenue growth against the costs of computing and infrastructure. The reported first-half loss compares with $13 billion in the same period of 2025. About $72 billion of the 2026 loss came from changes in the value of convertible notes and other financing instruments, the prospectus account said. Those charges were largely noncash accounting adjustments, rather than ordinary cash spent operating the business. The figures have not been presented as a public earnings release. They were reported from a draft prospectus, and the supplied information does not include final audited results. The scale and nature of the reported charges are important to interpreting the net-loss figure: it does not mean Anthropic spent $80.7 billion in cash during the six-month period. Anthropic’s revenue has risen sharply. At an October 14 meeting...