Anthropic Lost $80.7 Billion in Just Six Months

Anthropic, a leading AI company, recorded a net loss of $80.7 billion in the first half of 2026, significantly wider than its $13 billion loss in the same period last year. This substantial loss primarily stemmed from a $72 billion accounting charge related to an increase in the estimated value of convertible bonds, rather than day-to-day operations. The company's infrastructure costs nearly quadrupled to $9 billion as it heavily invested in AI development, committing to spending at least $518 billion over 10 years on cloud services and infrastructure. Despite these rising expenses, Anthropic's revenue reached $16.8 billion in the third quarter, a 45% increase from the previous quarter, though some investors were concerned by slower sequential growth compared to earlier periods. With an IPO expected in November, some investors are now considering a lower valuation of around $1.5 trillion, and the reception to Anthropic's listing is crucial for the broader AI market, especially with rival OpenAI's potential IPO next year.