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Michael Burry Finds a $537 Billion Hole in Anthropic’s IPO Story

Oct 28, 2026 · 10:43 AM ET· updated 1h ago
Michael Burry Finds a $537 Billion Hole in Anthropic’s IPO Story

Michael Burry says Anthropic’s IPO filing masks over $537B in compute commitments as growth slows and revenue per compute dollar declines.

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Why It Matters

An investor found a big hidden cost in Anthropic's IPO paperwork. The company spent billions on computers but made less money per computer.

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