Anthropic loses $80 billion net in first six months of 2026

Anthropic recorded an $80.7 billion net loss in the first six months of 2026, according to a draft prospectus for its planned initial public offering, as the AI company prepares to go public at a valuation of almost $2 trillion. About $72 billion of the loss came from accounting adjustments tied to changes in the value of convertible notes and other financial instruments issued to raise capital, rather than money flowing out. Its loss was about $13 billion in the first half of 2025. Revenue rose to about $16.3 billion from $1.1 billion a year earlier, while computing and infrastructure costs reached nearly $9 billion, exceeding such spending for all of 2025.