Anthropic's IPO filing

The loop: Anthropic's backers are also the companies it pays

Amazon and Google put $36 billion into Anthropic, and Anthropic must spend at least $224.5 billion with them, used or not. Drag a company; tap one for its deals.

Not yet drawn, depends on delivery, or estimated "Up to" amount announced in 2025; not in the S-1 Also a rival Line width and moving dots scale with dollars

Notes and source

Dashed: not yet drawn, depends on delivery, or estimatedDotted: "up to" amount announced in 2025; not in the S-1Dashed ring: also a rivalLine width and moving dots scale with dollars

Source: Anthropic Form S-1 filed with the SEC, Oct. 26, 2026 (reported). Microsoft and Nvidia stakes: the companies' Nov. 18, 2025 announcement, "up to" amounts (reported). Totals and the Nvidia-GPU sum are CNBC calculations from filed figures. The S-1's total-commitments table is blank until pricing.