Anthropic's leaked S-1 filing reveals it is struggling to secure cloud capacity as AWS, Google, and Microsoft increasingly view it as a competitor, while planning over $750 billion in cloud spending amid big losses ahead of a reported November IPO.
Anthropic is reportedly struggling to secure enough compute from cloud providers that increasingly view it as a competitor, even as its infrastructure spending balloons ahead of a planned November IPO.
# Anthropic’s cloud partnerships are getting messy | TechCrunch
Source: [https://techcrunch.com/2026/10/20/anthropics-cloud-partnerships-are-getting-messy/](https://techcrunch.com/2026/10/20/anthropics-cloud-partnerships-are-getting-messy/)
In Brief
Posted:
2:25 PM PDT · October 20, 2026
**Image Credits:**Getty ImagesAnthropic is having trouble securing enough cloud capacity from AWS, Google, and Microsoft, which increasingly see the Claude maker as a competitor rather than a customer, according to an S\-1 filing leaked to[The Wall Street Journal](https://www.wsj.com/tech/ai/anthropic-revenue-growth-ipo-accaf0f1)\.
The leaked filing provides more color to the numbers[Reuters](https://www.reuters.com/business/finance/anthropics-ipo-prospectus-shows-sweeping-ai-vision-surging-costs-2026-09-28/)and the[Financial Times](https://www.ft.com/content/0e851fbb-f148-46e4-906f-390b38b62a15?syn-25a6b1a6=1)reported in late September, including that Anthropic believes it could spend more than $750 billion on cloud contracts, some of which include deals still in negotiation\.
And still, that is not enough\. Anthropic is leasing its own data centers and working with third\-party data center operators\. But the firm worries those operators have a “limited operating history,” which could make them less reliable than the hyperscalers\.
Anthropic’s enormous spend comes on the back of an $80\.7 billion net loss in the first half of the year\. The company reported $16\.3 billion in revenue during that same time period, with only two customers accounting for about a fifth of sales, according to the WSJ report\.
Building on previously reported catastrophic risk disclosures, the filing also warns that Anthropic could be held liable for damages caused by harmful AI behavior to a tune that would exceed available insurance coverage\.
Last week, the company told prospective investors that third\-quarter[revenue alone has now reached $16\.8 billion](https://www.reuters.com/business/finance/anthropics-q3-revenue-surges-45-nearly-17-billion-2026-10-14/), up 45% from the previous quarter\. Anthropic is[reportedly](https://www.wsj.com/tech/ai/anthropic-shifts-planned-ipo-to-november-8874dffc)targeting a November IPO\.
Anthropic did not immediately respond to TechCrunch’s request for comment\.
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