Anthropic paid $5B for short-term compute in Q3 as spot prices run ~2x long-term deals
tengyanAI · x · 2026-11-11
The compute squeeze from both sides of the table: Anthropic's updated IPO filing (Nov 10) discloses $5.0B of Q3 short-term compute 'costing significantly more' than multi-year deals, lowering revenue per dollar of compute vs Q2. On its call, CoreWeave said short-term capacity sells at $40M+/MW/year vs $20-25M for new 4-5 year contracts — roughly 1.6-2x premium. Anthropic's answer: 'Anthropic Direct' (leasing chips in dedicated facilities) and one compute pool routed across Trainium, TPUs, NVIDIA and AMD by price/performance. Who sold Anthropic that $5.0B remains undisclosed.
More from Venture
- GPU Rental Prices Hit Record Highs: B200 at $6.97/hr, H100 at $3.06 — inductionheads · 2026-11-11
- UK chip start-up Fractile hits $7bn valuation, per FT — evisoft · 2026-11-11
- AMAT reports Thursday: DRAM hits 26% of tool sales, outlook is the real signal — tengyanAI · 2026-11-11
- Amazon's $ANT stake and notes could equal 13-16.5% of its own market cap — RihardJarc · 2026-11-11
- Anthropic reportedly guiding $140B revenue for 2027 and $280B for 2028 — zephyr_z9 · 2026-11-11
- AMD's 10-Q reveals $2.9B Taalas acquisition that bakes LLM weights into hardware — deedydas · 2026-11-11