Anthropic's leaked IPO filing reveals a massive $42B net loss for 2025 despite revenue rising 12x to $4.6B, alongside $518B in future cloud and computing commitments! KEY HIGHLIGHTS: • Infrastructure spending surged 3x to $7.33B, consuming over half of Anthropic's operating budget and transferring massive capital to cloud hyperscalers • Committed $518B to future cloud contracts, directing cash flows straight to cloud leaders Amazon $AMZN, Google $GOOGL, and Microsoft $MSFT • Roughly $34B of the 2025 net loss stems from non-cash financing valuation charges, with $20.3B in cash reserves remaining THE RATING: Robust growth metrics and capital capture earn Amazon $AMZN a Seeking Alpha Quant STRONG BUY, while valuation headwinds keep Alphabet $GOOGL and Microsoft$MSFT at HOLD. Do you think cloud hyperscalers like $AMZN, $GOOGL, and $MSFT are the ultimate safe plays as AI startups burn cash on computing power? Drop your take below! ▻