Anthropic, the AI startup, reported a net loss exceeding $80.7 billion in the first half of 2026, with $72 billion attributed to accounting provisions related to changes in the valuation of convertible notes and other financing instruments, according to a draft IPO prospectus cited by The Wall Street Journal on October 20. During the same period, the company's revenue reached $16.3 billion, with Q3 revenue growing 45% quarter-over-quarter to $16.8 billion. Anthropic's aggressive bet on computing power is also noteworthy, with total committed spending on computing power set to exceed $600 billion. Over the next decade, its committed spending on computing-related agreements will total over $518 billion, and the company is reportedly negotiating to further expand its computing resources. Analysts point out that the scale of these expenditures represents a significant valuation variable for prospective investors. Anthropic is reportedly seeking to go public in November at a valuation of $1.5 trillion to $2 trillion.