Anthropic disclosed nearly $900 billion in hidden debt in its IPO filing.

In its IPO filing, Anthropic PBC pledged nearly $900 billion in future spending on servers, buildings, and electricity as its infrastructure expands. These off-balance-sheet obligations include future leases and purchase agreements for data centers, electricity, and GPUs, far exceeding the liabilities listed on its balance sheet. David Trainer, CEO of New Constructs, stated that Anthropic's implicit debt commitments are enormous, requiring the company to invest heavily in training, inference, and energy. (Source: Bloomberg)