Anthropic discloses $895 billion in AI infrastructure commitments

Anthropic disclosed $895.4 billion in compute and data center commitments, Private Infrastructure Daily reported on Nov. 3. Google, SpaceX, Amazon and Microsoft account for $396.7 billion of that total, or about 44%. Most of the figures in this story come from Private Infrastructure Daily.

Three of the four contracts with Google, SpaceX, Amazon and Microsoft are payable regardless of usage, Private Infrastructure Daily reported. Separately, hyperscalers have lined up $131 billion for AI data center buildout. That includes $25 billion of Microsoft bonds at rates of 4.85% to 6.35%, which are expected to close Nov. 4.

Allocators vetting infrastructure funds can ask how much revenue rests on usage-independent contracts, how concentrated the tenants are, and how financing compares with Microsoft's 4.85% to 6.35%.

Dominion's data center pipeline rose 13% to 54.9 GW, with 12 GW, about 22%, signed under electric service agreements. A state hearing on its NextEra Energy merger is due this month.

Drax, Brookfield and Radiant plan a data center of up to 1 GW at Selby, with the first 100 MW targeted for the first quarter of 2028. That first phase accounts for £2.5 billion of an estimated £20 billion build cost.

In Australia, Anthropic signed a Western Downs lease with Dexus-backed ADC. The first stage needs approval from the Dexus board, and ADC has opened a fundraising for additional capital. Google committed $160 million to a water plant for a Malaysia data center.

Data center construction spending rose 8.6% in September. Data centers and power drove a sixth straight monthly gain in nonresidential construction, while other private nonresidential categories fell 7.8% over the year.