Anthropic plans to spend 750 billion dollars to expand compute

Anthropic reportedly plans to spend 750 billion dollars over the coming years to expand compute, including hundreds of billions of dollars in non-cancellable agreements. The figures come from a prospectus obtained by The Wall Street Journal, as the company pursues an IPO that could value it at 2 trillion dollars. According to Reuters, OpenAI is accelerating a funding round that could value it at 1.4 trillion dollars. These enormous figures, along with questions about whether revenue can keep up, have heightened market fears that the AI boom could turn into a bust, with Citadel's Ken Griffin saying the market is almost certainly in a bubble.