
CNBC: Technology
· 1 min read
Chart: Anthropic's cash pile towers over nearly every U.S. company
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Anthropic has more cash than almost every company in America.
The nearly six-year-old artificial intelligence lab disclosed on Monday in an S-1 filing with the Securities and Exchange Commission that it had $112.4 billion in cash, plus another $19.3 billion in short-term investments, as of June 30.
Anthropic's total of $131.7 billion surpasses every non-bank U.S. company, except for Berkshire Hathaway and Alphabet, according to data compiled by CNBC and S&P Capital IQ.
As of midyear, Anthropic had more cash than Amazon, SpaceX, Meta, and Microsoft. It had more than Nvidia and Apple combined.
Depending on how much the company raises in its initial public offering — and reports suggest it could top $100 billion — Anthropic could bump its hoard to more than $230 billion in cash.
So far, Anthropic hasn't shared specific details about its offering size, and it said in the filing that existing investors would also be selling into the IPO – meaning the company itself won't collect the entire fundraise. Those details are expected to be disclosed in about two weeks.
Never before has a company gone public with anywhere near this amount of cash.
Anthropic's trove underscores the fundraising prowess that has allowed it to amass an aggregate of $141 billion in private financing in just six years since its founding. However, given the company's future commitments for computing power that have yet to hit its expenses, Anthropic will have to continue accumulating cash through fundraising or generating profits to fulfill its obligations.
Anthropic's first-half compute and infrastructure expenses totaled $8.95 billion. But the company said it usually buys computing power 12 to 18 months ahead of time, and only recognizes expenses as that capacity becomes available. That means the first-half expense figure doesn't capture the full scale of its future obligations.
The company hasn't shared an aggregate amount of its up-to-date commitments yet.
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