San Antonio, United States
Tech & SciencePublished

Anthropic invests $3.4 billion in gas turbines for data center power

Anthropic has allocated $3.4 billion to acquire natural‑gas turbines capable of generating up to 1.7 gigawatts of electricity for its data centers, according to its recent S‑1 filing. The turbines, originally Caterpillar generators ordered by OnePWR, are slated to become available within two years. The company also disclosed a contract to pay xAI $1.25 billion per month for computing power through May 2029, and it reports total committed spending of about $900.9 billion on computing and infrastructure, with $451.6 billion expected before 2030.

Key facts

  • The backlog for the gas turbines extends into the early 2030s.
  • Google, Amazon, Microsoft and Meta are also planning large natural‑gas plants for on‑site data‑center power.
  • Anthropic seeks a $1.3 trillion valuation, offering 825 million shares at $70‑$78 each.
  • Around $70.7 billion of the committed spending is due within 12 months after 30 Sept.

Summarised with AI from 2 sourcesRead our AI policy

Why it matters

The investment secures on‑site power for AI workloads amid rising demand for reliable data‑center energy.

What changed

  1. First published from TechCrunch and Fortune