Anthropic’s net loss jumped significantly to $80.7 billion in the first half of 2026, largely due to an accounting charge.

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That’s according to a report Tuesday (Oct. 20) by Reuters, which viewed a draft prospectus for the company’s planned initial public offering (IPO).

Anthropic is expected to go public next month, with some investors now considering a lower valuation of around $1.2 trillion after its most recent financial disclosures, the report said.

The artificial intelligence (AI) startup’s first-half loss, widening from a $13 billion loss last year, included a $72 billion accounting charge related to a rise in the estimated value of bonds that could eventually convert into Anthropic shares, and not cash costs connected to the company’s operation, Reuters said.

Reuters had reported last month that Anthropic saw a net loss of $42 billion for 2025, with most of that figure tied to a similar accounting charge.

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The report noted that these disclosures spotlight the heavy costs of the AI race, even as investors place more scrutiny into whether they’ll see the money they’re giving to data centers and chip spending pay off.

Anthropic has pledged to spend as much as $518 billion on cloud services, computing and infrastructure over the next decade, the report said.

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