$ANT Pre-IPONasdaq Global SelectS-1 filed Oct 26Expected: Mid-November 2026 (reported)H1 2026 revenue $16.3BQ3 2026 revenue $16.8BH1 2026 net loss $80.7BCash & equivalents $112.4BHaiku 5.5 $0.10/M inOpus 5.5 $4/M in
The Big Ant

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Company · Who Anthropic works with

Partnerships

The compute deals behind Claude, the clouds and consultancies that sell it, and the standards bodies Anthropic has handed its tools to.

Compute

9

Minimum and maximum spend figures come from the S-1. Combined future compute commitments run to hundreds of billions of dollars.

Amazon / AWS

≥ $110.0B

Trainium

Commits Anthropic to at least $110.0B of spend from May 2026 to April 2036, for up to 5 GW of new Trainium capacity.

Source: S-1 prospectus

Google + Broadcom

≥ $114.5B

TPUs

Commits Anthropic to at least about $114.5B from April 2026 to July 2033. Multiple gigawatts of new TPU capacity start coming online in 2027.

Source: Anthropic

Microsoft Azure

≥ $44.9B

Hosting & infrastructure

Commits Anthropic to at least $44.9B from November 2026 to May 2033.

Source: S-1 prospectus

SpaceXAI

Up to $120.5B

NVIDIA GPUs

Up to $120.5B over terms running into 2029. It started with all of Colossus 1: more than 300 MW and over 220,000 GPUs.

Source: Anthropic

Nscale

Up to $44.6B

NVIDIA GPUs

GPU services agreements worth up to about $44.6B, running into 2033. Fees accrue only as capacity is delivered.

Source: S-1 prospectus

AMD

2 GW

Instinct MI450

A deployment of 2 GW of MI450 GPUs in Helios racks. The first gigawatt is due in the first half of 2027.

Source: AMD

NVIDIA

Up to 1 GW

Grace Blackwell · Vera Rubin

An initial commitment of up to 1 GW, plus joint design and engineering work.

Source: Anthropic

Theseus Infrastructure

Aug 10, 2026

Macquarie & GIC

A joint venture that will build and lease purpose-built US data centers to Anthropic as anchor tenant.

Source: Macquarie

Fluidstack · Lambda

Data centers & GPUs

Fluidstack develops and runs data centers under a colocation agreement. Lambda supplies NVIDIA GPU capacity.

Source: S-1 prospectus

Cloud distribution

4

Claude is available on all three major clouds. Anthropic contracts with customers directly and pays each provider a fee.

Amazon Bedrock

AWS

Hosts Claude natively, and AWS Marketplace offers it as well.

Source: S-1 prospectus

Google Cloud

Gemini Enterprise Agent Platform

Hosts Claude natively, and Google's marketplace offers it as well.

Source: S-1 prospectus

Microsoft Foundry

Azure

Hosts Claude natively. Claude for Microsoft 365 runs inside Office apps.

Source: S-1 prospectus

Salesforce

Distribution partner

Builds AI products on Claude that reach millions of end users.

Source: S-1 prospectus

Consultancies and services

6

PwC

30,000 staff

Expanded alliance · May 14, 2026

Plans to roll out Claude Code and Cowork, set up a joint Center of Excellence, and train and certify 30,000 US staff.

Source: Anthropic

Cognizant

Jul 27, 2026

Global Premier Partner

Embeds Claude across its platforms and is growing its Claude-certified workforce.

Source: Anthropic

Accenture · Deloitte

Global Premier Partners

Listed among the Global Premier service partners in the Claude Marketplace.

Source: Claude

HCLTech

Oct 2026

Claude Partner Network

Joined the Claude Partner Network.

Source: Claude

Hg

Oct 2026

European consultancy

A deal with the private equity firm Hg to launch a European AI consultancy.

Source: Yahoo Finance

Barclays

Oct 2026

Enterprise customer

Scaling Claude across the bank.

Source: Anthropic

Open standards

2

Model Context Protocol

Dec 2025

Agentic AI Foundation

Anthropic donated MCP to the Linux Foundation's Agentic AI Foundation in December 2025.

Source: S-1 prospectus

Agent Skills

Oct 2026

Agentic AI Foundation

Anthropic donated the Agent Skills format to the same foundation.

Source: Anthropic

Compiled from Anthropic's Form S-1 (filed Oct 26, 2026), Anthropic's own pages and the publications linked on each entry. The registration statement is not yet effective and figures may change. Not investment advice.

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