SPIN Unprocessed October 27, 2026 ai_technology technology
S-1: Anthropic spent ~$2.50 on compute and infrastructure for every $1 of revenue in Q1 2025, falling to under 50 cents in Q2 2026, as it seeks profitability (Financial Times)
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Financial Times: S-1: Anthropic spent ~$2.50 on compute and infrastructure for every $1 of revenue in Q1 2025, falling to under 50 cents in Q2 2026, as it seeks profitability — Prospectus details AI lab's ‘mission’, $800bn data centre commitments and extraordinary governance structure
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