Anthropic joins AI’s natural gas frenzy, buys $3.4B worth of turbines

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AI's power crunch has become so acute that Anthropic, a company that has generally avoided buying physical infrastructure, is spending $3.4 billion on natural gas turbines. The AI company, which is planning to go public this year, is buying Caterpillar generators that equipment supplier OnePWR had originally ordered, according to a Financial Times report. The generators are capable of producing up to 1.7 gigawatts of electricity. Historically, Anthropic has preferred to rent rather than buy. The company disclosed in its S-1 filing in May that it is paying SpaceX subsidiary xAI $1.25 billion per month through May 2029 to use xAI's computing power.