Anthropic wants to raise $100 billion at a $2 trillion valuation. Its finances deserve as much a...

Anthropic is reportedly seeking to raise $100 billion at a $2 trillion valuation, highlighting intense capital requirements and financial dependencies in the artificial intelligence sector. The author argues that the company's financial structure—including substantial cash reserves, massive future compute commitments, vendor financing, and cloud provider distribution fees—deserves close scrutiny as investors weigh future growth against valuations. Open article →