At a moment when Anthropic's compute margins should be getting better, they’re getting worse. Anthropic's amended S-1 filing shows a $567 million Q3 operating loss, a $5 billion short-term compute bill, and $895.4 billion in total compute commitments ahead of its November IPO. Anthropic has filed to go public in the US. Its IPO filing offers a closer look at its exponential revenue growth, mounting infrastructure costs, potential.