9h ago
Anthropic targets up to $100 billion IPO at about $2 trillion valuation as $518 billion spending plan looms
AI company Anthropic is expected to debut on public markets next month, aiming to raise up to $100 billion at a valuation of about $2 trillion. Revenue rose twelvefold last year to almost $4.6 billion, but the company still posted operating losses of more than $8 billion. It also anticipates spending $518 billion on cloud computing and infrastructure in coming years, underscoring the scale of capital required.
9h ago