Anthropic Commits $50 Billion to Build US Data Centers

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00:00There are some details worth understanding and knowing about in what Anthropic plans to do with

00:04this $50 billion over which timeline and with who. But there's also some consideration around how big

00:11this $50 billion is relative to the rest of the field. That's right. You know, I think in one

00:16sense, if you had said a year or two ago that a four-year-old unprofitable startup was going to

00:21commit $50 billion to an infrastructure project, you'd say that's enormous and possibly insane.

00:26But when you compare it to the $1.4 trillion that OpenAI has committed, it feels much more measured.

00:32And I do think that is very much the subtext of a lot of this. Anthropic is clearly taking a page

00:37from OpenAI in terms of the scale of infrastructure required to build what it wants to build. But I

00:42think it also wants to show that it's perhaps a more fiscally responsible company in doing this

00:47in order of magnitude less at the moment. They've raised $13 billion recently. They're worth $183

00:53billion. And they've had really good track record with business and enterprise sales, 300,000 business

00:59customers. But what's interesting is the business they're doing with other people. They're using a

01:03UK company to build out in the US, Seth. That's right. I mean, FluidStack is really not a household

01:07name here. I mean, it's part of that emerging sector of neoclouds, but not nearly as well known as

01:12CoreWeave or even Nebius. But, you know, it's an up-and-coming company that we've previously reported

01:16years and talks for a large amount of funding. And it's been central to a French effort to build

01:21a supercomputer over there. But again, more untested perhaps than some other partners you might

01:26announce here. It's one of the stories where it's what we do not know that's worth consideration.

01:33So they're not telling us, you know, the total gigawatt figure for the footprint in the United

01:37States. And at the same time, you know, they're heavily reliant on these hyperscale partners, Amazon, AWS,

01:45and Google, to give them the compute they need away from this plan to build $50 billion of capacity.

01:51Yeah. And I think, again, if you look at their nearest rival, OpenAI, the answer is sort of it takes

01:55everything and everyone to build what they want to build here. And so while they want to potentially have a bit more

02:01control and ownership over some of the data centers that they build in the coming years, they're still going to be

02:05relying on those big tech partners, and the neoclouds and pretty much anyone else in this industry to meet what

02:11they imagine to be a pretty intense amount of computing needs here.