Tim Culpan / Culpium:

Anthropic S-1: it spent just $482M on capex in H1 2026, leasing most of its compute, and its capex is almost entirely outsourced via $782B in lease obligations  —  [Opinion] Anthropic owns almost nothing.  Revenue per employee hit $6.6 million.  Obligations pass $780 billion.  —  Good Evening from Taipei,

Tim Culpan / Culpium:

Anthropic S-1: it spent just $482M on capex in H1 2026, leasing most of its compute, and its capex is almost entirely outsourced via $782B in lease obligations  —  [Opinion] Anthropic owns almost nothing.  Revenue per employee hit $6.6 million.  Obligations pass $780 billion.  —  Good Evening from Taipei,

Source: TechMeme
Source Link: https://www.techmeme.com/261026/p39#a261026p39