Anthropic reports a US$80.7 billion loss in the first half of 2026

Anthropic reported a US$80.7 billion loss in the first half of 2026, more than six times the US$13 billion recorded in the same period a year earlier, according to a preliminary version of its prospectus reviewed by Reuters. Most of the deterioration came from a US$72 billion accounting expense tied to securities that can be converted into shares; the document says the amount does not represent money spent on the company’s operations.

The San Francisco-based company is expected to go public in November. According to Reuters, some investors began valuing Anthropic at about US$1.5 trillion after the figures were disclosed, below earlier estimates. The company committed to spending at least US$518 billion over 10 years on cloud services, computing and infrastructure, and spent nearly US$9 billion in those areas in the first half, up from US$2.3 billion a year earlier.