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Anthropic can cancel $34.9B Lambda GPU contract after Lambda missed lease deadline

1 article1 sourcesince Nov 10Last article 51m ago · Nov 10, 3:53 PM ET

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Anthropic can now terminate its $34.9 billion August 2026 GPU cloud agreement with Lambda because Lambda did not secure a facility lease by the set date, according to Anthropic's amended S-1 filing.

The filing says neither party has delivered a termination notice, and Anthropic says it does not currently intend to terminate.

The August deal is one of three Anthropic signed with Lambda in 2026, covering NVIDIA GPU capacity; the agreements total about $41.3 billion over terms into 2034. Under these contracts, fees accrue only as capacity is delivered and accepted.

Written by AI from the articles below · updated Nov 10, 4:22 PM ET

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Latest developmentNov 10, 3:53 PM ET

Anthropic can cancel a $34.9B Lambda GPU contract after Lambda missed a lease deadline

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Nov 10

3:53 PM
Rohan Paul@rohanpaul_aiX
Anthropic can cancel a $34.9B Lambda GPU contract after Lambda missed a lease deadline
AIAnthropic's amended S-1 filing says it can now terminate its $34.9B August 2026 Lambda GPU agreement because Lambda did not secure a facility lease by the set date. Neither party has delivered notice, and Anthropic says it does not currently intend to terminate. The Lambda agreements total about $41.3B over terms into 2034, with fees accruing only as capacity is delivered and accepted.

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