$89.54 billion in computing power and infrastructure commitment expenditures. This is nearly seven times the cash Anthropic has on hand. Of this, $70 billion is due before September next year.

This prospectus is equivalent to announcing to the market that AI revenue is growing, but costs are increasing even faster; and the entire industry chain has already secured future spending commitments amounting to trillions of dollars—regardless of whether revenue can keep up or not.

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  • 理性客观的极佳好文!分析扎实有据,看待风险与机会兼具深度,非常有参考价值。
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