Fervour for a lofty valuation comes as a result of Anthropic’s rapidly growing revenue, sources told the FT.
Investors expect Anthropic to be valued at $2trn or more in its October initial public offering (IPO), doubling initial targets of $1trn and dwarfing SpaceX as the largest public listing in history. The AI giant, which filed to go public in June, is yet to fix on a valuation.
Several of the company’s investors told the Financial Times (FT) that the fervour for a lofty valuation comes as a result of Anthropic’s rapidly growing revenue which reportedly hit nearly $11bn in the second quarter this year.
That number has more than doubled from the $4.8bn in the first quarter. The company’s backers expect the five-year-old AI giant to reach an annualised revenue of between $100bn and $120bn this year.
Anthropic’s Claude AI products are a repeat headline-maker, competing for leadership in the space with its biggest rival OpenAI (which also hopes to go public), and the more recent crop of Chinese-made models taking the industry by storm with their cheaper alternatives.
