Key facts
- Anthropic is planning a November IPO targeting a $2 trillion valuation and up to $100 billion in fundraising.
- The company is considering releasing a new AI model to compete with OpenAI's GPT-6 Astra.
- Anthropic's annualized revenue run rate was over $65 billion in July, while OpenAI's was over $40 billion.
- OpenAI's GPT-6 Astra accounts for 13% of tracked enterprise AI spending, compared to 8% for Anthropic's Claude Fable.
- Anthropic CEO Dario Amodei has called for a slowdown in advanced AI development due to safety concerns.
Anthropic is reportedly planning a November initial public offering with a target valuation of approximately $2 trillion and aims to raise as much as $100 billion. The company is also considering releasing a new AI model to compete with OpenAI's recently launched GPT-6 Astra, according to recent reports.
Preparations for the IPO are ongoing, with CEO Dario Amodei requesting stronger protection and a more cautious pace for advanced AI development, citing safety and governance concerns. Anthropic may publish its financial documents in the coming weeks, with the final schedule dependent on market conditions and investor demand. The company projects its annualized revenue to exceed $100 billion by the end of 2026, up from $65 billion in July.
OpenAI's GPT-6 Astra, released on September 3, has gained traction among businesses, accounting for about 13% of tracked enterprise AI spending compared to 8% for Anthropic's Claude Fable. OpenRouter reported that users spent more on OpenAI models than Anthropic models last week, a first in over two and a half years. Despite this, some investors believe Anthropic's market lead and revenue of over $65 billion in July, compared to OpenAI's $40 billion, mitigate the threat.
Meta Platforms, a significant Anthropic customer, is reportedly looking to decrease its reliance on Anthropic's models as it develops its own AI capabilities. Circle CEO Jeremy Allaire, however, has urged Anthropic to go public, highlighting the benefits of audited financial statements, regular disclosures, and independent board governance.