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Anthropic

Anthropic planned a $2T IPO until doom fears landed

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Image: ft.com

Eighteen months ago Anthropic expected revenue of $12 billion in 2027. By August it was making around $65 billion on an annualized basis, though the analysis flags that unofficial number as one to treat with kid gloves.

The company was poised this month to file for an IPO that could value it at $2 trillion, until fears of an AI apocalypse crashed their way into the mainstream. OpenAI has been planning a listing too, and Sam Altman pushed his to next year, saying floating earlier would be “ill-advised”.

Some investors predict a revenue run-rate of $320 billion by the end of next year, which would make $2 trillion about seven times 2028 sales. The analysis says plainly that those investors are not impartial.

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