Startups and VCUpdated November 11

Anthropic’s long-term infrastructure commitments neared $901 billion.

Axios reports that Anthropic’s annualized revenue reached $81 billion in October. Its long-term commitments to chips, data centers and computing infrastructure had climbed to nearly $901 billion—an obligation extending over the long term, not $901 billion in annual spending. Axios says slowing revenue growth and soaring infrastructure costs, alongside the punishing market selloff, tempered expectations. The figures add context to the lower IPO valuation cap.

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Coverage started November 11