[Wall Street Examines Anthropic Spending: Nearly $900 Billion in Computing Power Commitments] According to a report by The New York Times on November 13th, as Anthropic launches its initial public offering (IPO), Wall Street is turning its attention to the company's massive spending plans. The revised prospectus shows that Anthropic's total commitments to purchase and lease computing power and infrastructure amount to approximately $895.4 billion, of which approximately $447.5 billion is expected to occur before the end of 2030, with approximately $69.8 billion maturing in the next 12 months (October 1, 2026 to September 30, 2027); another approximately $213.8 billion is subject to termination options or preconditions, including financing for partners, facility readiness, and regulatory approvals. (Description from Deep Tide TechFlow, November 13th) Spending has accelerated: Computing and infrastructure spending reached $18.808 billion in the first three quarters of this year, a year-on-year increase of 329%, accounting for 57% of revenue; in the third quarter alone, spending was approximately $9.863 billion, a year-on-year increase of approximately 382%, accounting for 58% of quarterly revenue. The company incurred an operating loss of $567 million in the third quarter, compared to an operating profit of $974 million in the second quarter; the operating loss for the first three quarters was $1.26 billion, but excluding share-based compensation, non-cash charitable donations, and settlement charges, the adjusted operating profit was $4.1 billion. According to Reuters, Anthropic is testing the market with a valuation of approximately $1.4 trillion, lower than the previous expectation of approximately $2 trillion; based on a share price of $70 to $78 and an issuance of 825 million shares, the maximum fundraising target is approximately $64.4 billion. The company also cautioned that some partners rely on third-party financing to build computing power, and if the financing environment tightens, related capacity may be delayed, reduced, or subject to price increases.