Anthropic may market IPO week of Nov 9, targets $1.8-$2T
Anthropic, the AI company making big waves lately, could begin marketing its initial public offering as early as the week of November 9, potentially putting it on track to begin trading before Thanksgiving.
They are aiming for a massive valuation between $1.8 trillion and $2 trillion.
Anthropic near $42B loss, revenue surge
Despite losing nearly $42 billion last year (up from an about $8.3 billion loss in 2024), Anthropic's revenue shot up from $386 million to $4.6 billion in just one year.
Their IPO filing does not shy away from tough topics either: it openly warns about the "catastrophic or existential risks" that advanced AI could pose, including models that might resist shutdown or behave unpredictably after launch.
Anthropic says these concerns are front and center as they move ahead with their public debut.