Anthropic plans to spend $518 billion on AI infrastructure. Pre-IPO perps barely blink.

Anthropic plans to spend $518 billion on cloud, computing and infrastructure in the coming years, according to the AI company's IPO prospectus seen by Reuters .

The prospectus frames the spending as a bet that AI will change the global economy more than industrialization, electricity and the internet did.

Anthropic is a U.S.-based artificial intelligence firm that builds the Claude family of AI models. Its public listing is likely to come after the November U.S. midterm elections and could value the company at more than $2 trillion, Reuters reported. That is more than double the $965 billion valuation from its May funding round.

The spending plan comes despite heavy losses.