Anthropic IPO prospectus reveals deep reliance on Amazon, Google for sales and compute
Anthropic plans a highly anticipated IPO and seeks a valuation of approximately $2 trillion. The company reported a sharp increase in revenue alongside rising operational losses due to its aggressive expansion plans. Almost half of its 2025 sales came from Amazon and Google, highlighting its reliance on these tech giants. Anthropic's relationships with these cloud providers are both a competitive advantage and a risk factor.
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