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Anthropic's draft IPO filing shows $16.3B revenue and an $80.7B loss, WSJ reports

The Wall Street Journal has seen a draft prospectus from Anthropic, the AI lab behind Claude, ahead of its planned stock listing. Revenue in the first half of 2026 was $16.3 billion, up from $1.1 billion a year earlier. About 20% came from two customers. The net loss was $80.7 billion, mostly from accounting charges. Bloomberg, citing the WSJ, says Anthropic spent about $9 billion on computing and infrastructure in the half, up from $2.3 billion, and could spend $750 billion more in the coming years. TechCrunch reports Anthropic is struggling to get enough computing power from cloud providers that increasingly see it as a competitor, ahead of a planned November IPO.

Why it matters: This is the clearest look yet at what it costs to run a leading AI lab. Revenue is growing fast, and so are computing bills. The figures come from a draft filing seen by reporters, so they could still change.
Reported, not yet filed publiclyTechmeme, Bloomberg, TechCrunch