Anthropic returns to operating loss as short-term compute costs rise

Anthropic returned to a US$567 million operating loss in the third quarter after paying US$5 billion for short-term computing capacity, TechTrendsKE reported, citing its amended IPO filing. That capacity costs significantly more than computing secured through long-term contracts, while the company says customer demand exceeds its available compute. Anthropic has committed about US$895 billion to computing and infrastructure, roughly half due before the end of 2030. Its Anthropic Direct infrastructure programme is designed to replace expensive short-term capacity as new data centres come online. Price cuts and discounts reduced revenue by about US$600 million.