According to CoinMeta, Anthropic PBC has committed in the IPO document that as infrastructure expands, the company will spend nearly $900 billion in the future on servers, construction, and electricity, among other areas. These off-balance-sheet obligations include data centers, electricity, and future lease agreements and procurement contracts for GPU, which far exceed the liabilities listed on the balance sheet. New Constructs's CEO, David Trainer, stated that such implicit debt commitments involve substantial expenditures, and the company must invest heavily in training, inference, and energy. (Source: Bloomberg)