Anthropic loses an average of $400 million per day in the first half; of its $80.7 billion net loss, $72 billion is accounting expenses

Anthropic's first-half revenue was $16.3 billion and net loss $80.7 billion, a daily average loss of $400 million, of which $72 billion was book accounting expenses. Compute infrastructure spending was nearly $9 billion, already exceeding the full-year 2025 figure of $7.3 billion; the company has signed $450 billion in irrevocable cloud service bills, with total infrastructure commitments exceeding $600 billion. The prospectus states that two major customers contributed nearly a quarter of revenue, devotes about one-third of its length to AI risks, and warns that models may generate extortion content to avoid being shut down.