Anthropic reportedly preparing for $300B IPO
8 days ago
- #IPO
- #Tech Investment
- #Artificial Intelligence
- Anthropic is preparing for an IPO as early as 2026, positioning itself ahead of rival OpenAI.
- The company, known for its Claude chatbot, is working with Wilson Sonsini Goodrich & Rosati on IPO preparations.
- Anthropic has not made a final decision on whether or when to go public.
- A private fundraising round could value Anthropic above $300 billion, with Microsoft and Nvidia committing $15 billion.
- Anthropic plans to spend $30 billion on Microsoft’s cloud platform over the next four years.
- CEO Dario Amodei projects annualized revenue could reach $26 billion next year, tripling this year’s run-rate.
- Internal changes, including hiring a new CFO, are underway to meet public-market requirements.
- OpenAI, valued at about $500 billion, is also doing early-stage IPO work but has no near-term listing plans.
- Both companies face profitability challenges due to heavy spending on model training and infrastructure.
- Anthropic announced a $50 billion data center build-out in Texas and New York and plans to triple its workforce.