The moneyfrom the companies’ own filings
The money behind AI
What the companies building AI earn, spend and promise to spend, from what they must tell investors. Does it pay for itself? Their own filings are where the answer starts, so we read them: every figure here is checked against the filing it comes from, and every company gets the same treatment.
Ctrl AI is written with Claude, made by Anthropic, the first company in this section. Every company gets the same treatment, from its own filings. Nothing here is investment advice.
AI labs
The companies that build the frontier models.
Anthropic
Maker of Claude, and a public benefit corporation. Filed to list its shares on October 26, 2026.
Revenue
$16.3 billion
a year earlier: $1.2 billion
Operating loss
$693 million
a year earlier: $2.1 billion
Net loss
$80.7 billion
$72.4 billion of it a change in the fair value of notes
Cash from operations
+$3.9 billion
a year earlier: −$1.5 billion
Next · when its financial statements are public
- OpenAI
Clouds and hyperscalers
Where the models are trained and run.
To come · from their quarterly and annual reports to the SEC
- Microsoft
- Alphabet
- Amazon
- Meta
- Oracle
- CoreWeave
Chips
What the computing runs on.
To come · from their quarterly and annual reports
- Nvidia
- AMD
- Broadcom
- TSMC
How this section is made
- We read each company’s own filings with the US Securities and Exchange Commission (or its home regulator) and save a copy in our archive. A program checks every figure and passage against that copy, and the page gives the printed page number.
- Audited figures and unaudited ones are labeled as the filing labels them. Where a sum or a difference is ours, the page says so.
- We do not forecast, and we do not say whether a company is worth what investors pay for it. Nothing here is investment advice.