Anthropic Files Confidential IPO as Revenue Soars Past $47 B

Key Points

• Anthropic filed confidentially for an IPO, aiming to tap public market capital.
• Co‑founder Daniela Amodei cited high upfront costs for model training and inference as the main driver.
• Recent $65 billion fundraise was oversubscribed, valuing the company at $965 billion.
• Annualized revenue topped $47 billion in May, up from about $9 billion at the end of 2025.
• Companies like Uber have raised doubts about the ROI of AI spending, hinting at possible budget cuts.
• Anthropic avoids building its own data centers, preferring external compute partnerships.
• A recent deal with xAI provides compute capacity at a cost of $1.25 billion per month.