Archive - SOMEN Research

Anthropic's $543 Billion Compute Ledger: Every Deal, Graded

Anthropic's compute commitments, itemized: $543B total - $64B filed, $180B company-confirmed, $299.1B press-reported.

Sep 15 • SOMEN Research

Memory After the Sold-Out Years

Three Paths and a Wall

Sep 10 • SOMEN Research

Nscale: $103 Billion Claimed, $21 Million Filed

The roadshow claims $103B in contracted revenue. The only audited lines anywhere in the group sum to $21M.

Sep 7 • SOMEN Research

August 2026

Two Stacks: The AI Compute Supply Chain Map

One stack runs on Wall Street. The other runs on the state. Both queue at the same fab.

Aug 26 • SOMEN Research

Etched: The 2.9 Percent Round

Etched Series C, $10.3B post-money, July 2026

Aug 18 • SOMEN Research

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