Key Takeaways
- Anthropic’s S-1, made public Oct. 26, says it now leases its own data centers and the AI chips inside them, alongside renting computing power from Amazon and Alphabet’s Google.
- That makes one of AWS’s two biggest AI customers a partial rival, and it limits how much of Anthropic’s growing compute bill AWS can win beyond its current contract.
- Anthropic’s $110 billion AWS commitment runs through 2036, while Amazon spent $132 billion on capex in 2025 and expects about $220 billion in 2026.
- Amazon’s Oct. 29 results showed AWS growth speeding up to 39% and its backlog rising to $578 billion, and CEO Andy Jassy projects AWS growth above 40% in both 2027 and 2028.
Amazon (AMZN) has a new competitor in the cloud, and it’s one of its biggest customers.
Anthropic’s S-1, made public Oct. 26, says the Claude maker now leases AI chips directly and runs them in data centers leased and operated for it, built to its own spec. That comes on top of…
