Anthropic's $131.7 billion cash pile trails only Berkshire and Alphabet

Anthropic reported $131.7 billion in cash and short-term investments as of June 30, surpassing nearly every non-bank U.S. company except Berkshire Hathaway and Alphabet, according to its Monday SEC filing. The AI lab's cash pile exceeds those of Amazon, SpaceX, Meta, Microsoft, and even Nvidia and Apple combined. A potential IPO, possibly exceeding $100 billion, could raise its total to over $230 billion, though existing investors will also sell shares. Anthropic's hoard stems from $141 billion in private financing raised since its founding, but it faces over half a trillion dollars in future compute and lease obligations. The company typically buys computing power 12 to 18 months ahead, with new agreements adding about $245 billion in minimum payments.