Anthropic Commits Over $100 Billion in Ten-Year AWS Contract
Anthropic, the developer of AI models like Claude, has committed more than $100 billion over ten years to Amazon Web Services (AWS), according to a report. This commitment is part of Anthropic's broader plans ahead of its anticipated IPO later this year or early next quarter. The contract represents about 20% of AWS’s backlog as of June, which had grown significantly in recent quarters and now stands at $496 billion. Amazon has already disclosed the agreement publicly but lacks visibility into whether Anthropic can sustain such spending given its private status and rapid reported revenue growth from $10 billion to over $30 billion annualized this year. AWS’s performance remains strong, with Q2 2026 revenue rising 37% year-over-year. Amazon has also invested an additional $10 billion in Anthropic so far this year under a financing arrangement tied to compute delivery milestones.
Topics: AI Anthropic AWS Cloud Computing Investor Relations