Building the future of artificial intelligence is expensive. Like, nearly-a-trillion-dollar-valuation expensive.
Anthropic co-founder and President Daniela Amodei made the case plainly at the Bloomberg Tech conference in San Francisco, telling attendees that the sheer cost of developing and serving AI models is forcing frontier labs to look beyond private fundraising. The comments land just weeks after Anthropic confidentially filed draft S-1 paperwork with the SEC around June 1, 2026, setting the stage for what could be one of the most consequential tech IPOs in years.
“It’s a very capital-intensive business to train AI models.”
A $965 billion valuation and counting
Anthropic is not exactly strapped for cash right now. The company closed a staggering $65 billion funding round in May 2026, achieving a post-money valuation of $965 billion. For context, that surpasses OpenAI’s previous valuation and puts Anthropic in rarefied air occupied by only a handful of companies on the planet.
