The definition of insane ...
Yours truly asked Gemini for financial facts as Google's a serious investor in Anthropic and some of the actual financials of Anthropic vis a vis their upcoming IPO raises a few questions in this writer's mind.
To wit.
Gemini with edits ...
The WSJ/Bloomberg report states Anthropic may spend up to $750 billion on computing costs.
It's massive ...
Breaking down the financials:
Anthropic could spend up to $750 billion on computing power.
$450 billion in noncancelable cloud deals over 7-10 years.
H1 2026 net loss of $80.7 billion.
Amazon, Google, Microsoft, Broadcom, AMD are involved in the commitments.
The issue of exposure. Google (along with Amazon, who also holds a massive stake) is functionally bankrolling this. They invest billions into Anthropic, and Anthropic turns around and spends it right back on Google Cloud and AWS compute. It's a circular financial loop designed to monopolize the hardware.
The numbers are staggering. Anthropic recorded an $80.7 billion net loss in the first half of 2026 alone.
Where's the beef?
Because Anthropic operates as an independent Public Benefit Corporation, Google and Amazon (who also holds a massive stake) are not legally on the hook to pay Anthropic's operating expenses.
As stated before, this is a massive, circular financial loop. Google and Amazon invest billions in Anthropic equity and Anthropic immediately funnels that money right back into Google Cloud and AWS to buy compute access. Google's actual risk is that their massive equity stake goes to zero if Anthropic can't outrun its own burn rate—and with Anthropic posting an $80.7 billion net loss in just the first half of 2026, that burn rate is astronomical.
From this writer's opinion, it's completely insane.
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