Anthropic logged net loss of over $80 billion in first half of 2026 | International

Anthropic's net loss grew sharply to $80.7 billion in the first half of 2026. Much of this loss came from an increase in the estimated fair value of bonds that can be converted into shares of the AI startup, according to a draft document for its planned initial public offering (IPO) reviewed by Reuters. The company, based in San Francisco, is expected to go public in November. After its latest financial details were released, some investors began considering a lower valuation of about $1.5 trillion, Reuters reported last week.

The company's loss for the first half of 2026 grew from $13 billion in the same period a year earlier. It included a $72 billion accounting charge because the estimated value of bonds that could later be converted into Anthropic shares had increased. This was an accounting change, not money the company spent on running its business, the document said. The figures show how expensive the race to develop AI has become, as investors look more closely at whether the huge amounts spent on computer chips and data centers will earn enough money in return.

Anthropic has agreed to spend at least $518 billion over 10 years on cloud services, computing power and infrastructure. The company spent nearly $9 billion on computing power and infrastructure in the first half of 2026, compared with $2.3 billion in the same period a year earlier, according to the S-1 document filed for its planned IPO.

Anthropic did not respond to a Reuters request for comment.

At an investor meeting on October 14, Anthropic told people considering investing in its IPO that its revenue in the third quarter rose 45% to $16.8 billion from the previous quarter, Reuters reported, citing people familiar with the matter. These figures eased some concerns about the huge costs of developing AI systems. However, some investors were disappointed that the rate of revenue growth from one quarter to the next had slowed. Revenue had more than doubled from the first quarter to $11.6 billion in the second quarter.

If investors respond less positively to Anthropic's IPO, it could affect the wider AI market. Investors see the market's near-term outlook as depending largely on whether the share sale succeeds, especially before rival OpenAI potentially goes public next year. Reuters reported in September that Anthropic recorded a net loss of $42 billion in 2025, most of which came from a similar accounting charge. As Anthropic's valuation increased, the estimated fair value of these bonds, also called notes, tripled compared with the previous year.

After excluding the accounting charge, Anthropic reported an operating loss of about $8.1 billion on revenue of $4.6 billion in 2025. The company has benefited from the popularity of Claude Code, its AI coding assistant, which developers use to write software and build apps.

(Devdiscourse staff have not edited this story. It was automatically generated from a news feed shared by another source.)