Anthropic Buys $3.4 Billion of Caterpillar Gas Turbines, per FT Report
Summary
Anthropic is buying $3.4 billion of Caterpillar natural gas generators capable of up to 1.7 gigawatts, per a Financial Times report, taking turbines supplier OnePWR ordered but could not finance. Historically a renter, Anthropic pays xAI $1.25 billion monthly through May 2029 for compute.
Key Points
- Anthropic says in its May S-1 filing that it expects to enter into additional similar computing rental contracts.
- Turbine backlogs stretch into the early 2030s and grid connection queues run as long, which may have forced the purchase.
- One analyst expects natural gas prices in some markets could more than triple by the end of the decade.