Anthropic logged net loss of over $80B in first half of 2026

The figures come from a draft IPO prospectus, and the first-half loss of $80.7 billion compares with $13 billion during the same period a year earlier. Of that total, $72 billion was an accounting charge reflecting an increase in the estimated value of bonds that could eventually convert into Anthropic shares, rather than cash costs tied to its operations. Revenue had more than doubled from the first quarter to $11.6 billion in the second quarter. The company spent nearly $9 billion on computing capacity and infrastructure in the first half, up from $2.3 billion a year earlier. The result follows a net loss of $42 billion in 2025, with most of that stemming from a similar accounting charge. Anthropic has committed to spending at least $518 billion over a decade on cloud services, computing and infrastructure. The disclosures underscore the hefty costs of the AI race even as investors give greater scrutiny to whether the vast sums being poured into