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Anthropic targets November IPO at potential $2 trillion valuation
The AI lab plans to share more financial details before pricing a deal that could be one of the largest public offerings on record.
Anthropic postponed its initial public offering until November, targeting a $2 trillion valuation while seeking to raise as much as $100 billion in capital.
The company reported annualized revenue exceeding $65 billion by July, driven by $11.6 billion in second-quarter revenue as operations scale for public markets.
Infrastructure demands necessitate significant capital, with Anthropic projecting a need for five gigawatts of computing capacity by 2026 to support rapid expansion.
CEO Dario Amodei continues to advocate for "a balanced rate" of development, while Anthropic and Accenture pledged at least $2 billion toward independent frontier model safety evaluations.
Prospective shareholders must weigh safety commitments against risks including active litigation with the Department of Defense and competition from OpenAI.