**Key Points**
Anthropic, the company behind the Claude AI models, has committed to spending over $100 billion with Amazon Web Services (AWS) over the next 10 years, as reported on April 20. This agreement represents about 20% of AWS’s backlog, which reached approximately $496 billion as of June 30, marking a significant increase from $195 billion in mid-2025.
The company plans to publish its initial public offering (IPO) prospectus after Labor Day, with a potential listing in late September or October. Notably, Anthropic’s reported revenue pace has surged to $65 billion annually by mid-August, indicating a robust financial outlook as it approaches the public market.
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