Anthropic Files; Apple's 1.2 Billion iPhones Run Gemini
What the Filing Prices
Anthropic's public market filing, disclosed this week, puts a revenue run rate on its enterprise API business that Simon Willison's read of the company's disclosures places at $47B annualized. The business is direct: Claude licensed to enterprises that embed it in their own products and workflows, billed per token, with the margin held in the inference stack. The compute infrastructure for that API runs on H200 NVL72 clusters (Nvidia's current-generation, high-memory-bandwidth hardware designed for large-batch inference) at Amazon Web Services and Google Cloud. The physical supply chain originates at TSMC's advanced packaging facilities in Hsinchu, Taiwan, on a production schedule constrained by the BIS October 2023 export-control rules, the US Commerce Department regulations that restrict advanced logic below 14nm from reaching buyers without a US-aligned license. For a CFO evaluating AI vendor supply-chain risk, the Hsinchu dependency is the constraint the revenue number does not resolve. Apple signed with Google before the S-1 was prepared. The Hsinchu supply-chain constraint appears in the risk-factors section; the 1.2 billion Siri-active iPhones do not.
Apple's Distribution Call
The Apple-Gemini contract, reported by Ars Technica this week, is not a verdict about which model scores higher on reasoning or coding benchmarks. Apple's engineering team evaluated both Claude and Google's Gemini against its Siri integration specification. Gemini won. 2 billion active iPhones operates on Google DeepMind's inference backend, which Google runs on TPU v5p hardware (Google's custom accelerator chips purpose-built for Transformer-architecture inference at scale) distributed across data centers including Jurong West, Singapore. 2 billion iPhones runs on a different inference backend than the one they are contracting with. Google's TPU v5p infrastructure at Jurong West processes the Siri inference load today. The Apple-Google contract does not reference Anthropic's training schedule.
Opus 4.8 ships this quarter with gains on extended-context reasoning and code generation. Cognition raised $1B at a $26B valuation this week; its agentic coding deployment targets the same enterprise developer contracts the S-1 prices. The Apple-Gemini agreement was signed before Anthropic's filing date. The registration document Anthropic submitted does not include a Q3 2026 Siri projection or a device-distribution revenue line. Google's TPU v5p handles those queries at Jurong West.