The Kobeissi Letter
The Kobeissi Letter|Nov 05, 2026 17:39
Anthropic has now disclosed a record $895 billion in future AI infrastructure spending commitments. This includes both purchase commitments and leases for computing power and related infrastructure. $448 billion, or 50%, is expected to be incurred by the end of 2030, with ~$70 billion due over the next 12 months. The biggest commitments are to Broadcom, AVGO, at $161 billion, followed by Google at $121 billion, with up to $150 billion in additional estimated spending on Google's AI chips. Anthropic has also committed up to $121 billion to SpaceX, SPCX, and at least $110 billion to Amazon, AMZN. For perspective, among Big Tech companies, only Alphabet, GOOGL, has larger commitments, at $1.06 trillion, while Meta, META, follows with $866 billion. The scale of Anthropic's spending obligations is unprecedented.
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