Anthropic's Q3: The Profit Disappeared, the $895 Billion Compute Bill, and Why It's Still Bullish

Podcast: In the Loop AI · In the Loop AI

Opublikowano: 2026-11-03

Last week, Anthropic's S-1 showed a company that was finally making money. Today's amended filing adds the third quarter, and that profit is gone: revenue jumped to nearly $17 billion, up 47% in three months, but Anthropic swung to a $567 million operating loss, and it disclosed $895 billion in compute and infrastructure commitments, about $70 billion of it due in the next 12 months. Ejaaz breaks down why: demand outran the compute Anthropic had booked, so it paid up for $5 billion of short-term compute to keep serving customers. We also cover the $2 billion donation-matching charge, where the $895 billion is going (SpaceX, Google...