Anthropic S-1 shows it is at the hyperscalers’ mercy

Anthropic’s S-1 filing described large infrastructure commitments and substantial reported losses, most of which the article attributed to accounting charges rather than cash burn.

• Anthropic reported $16 billion in revenue and an $81 billion net loss for the six months to June 30, 2026; the article said $72 billion of the loss was not cash-burn.· 1 source
• The filing listed commitments of $120.5 billion to SpaceXAI, $114 billion to Google, $110 billion to AWS, and $44.9 billion to Microsoft.· 1 source
• The article said Anthropic’s seven co-founders would retain 50.1% of voting power through a Founder LLC structure.· 1 source