Anthropic's third-quarter computing power and infrastructure spending reached $9.9 billion, accounting for 58% of revenue.

Anthropic's third-quarter computing power and infrastructure costs reached $9.9 billion, accounting for 58% of the quarter's revenue, higher than 48% in the second quarter. This includes a $5 billion short-term computing power commitment, with this portion of the computing cost significantly higher than that of similar computing purchased under multi-year agreements.