Anthropic Aims for IPO Despite Doubts on AI Profitability

Investors are flocking to Anthropic, a major player in the field of artificial intelligence models, which is preparing to go public. The company recently raised $65 billion, achieving an impressive valuation of $965 billion. This fundraising round was heavily oversubscribed, reflecting the intense interest from private investors.

Anthropic has filed a confidential IPO application, driven by a growing need for capital. Daniela Amodei, the company's co-founder, explained during the Bloomberg Tech conference that the initial costs for training AI models and providing inferences are substantial. According to her, the public market is well-suited to meet these financial needs.

The company has experienced rapid growth, with an annualized revenue reaching $47 billion in May, a significant increase from the $9 billion recorded at the end of 2025. However, some companies, like Uber, have expressed doubts about the productivity of AI spending, which could hinder sector growth.

Amodei remains confident, nonetheless. She believes that companies are still at the beginning of learning how to effectively use AI. She anticipates that AI will continue to be a driver of efficiency and creativity in various fields such as coding, financial services, law, and healthcare.

Unlike its competitors, Anthropic does not build its own data centers. Amodei explained that the company prefers to avoid over-investing in unused computing capacity. Anthropic recently entered into a partnership with xAI for computing capacity, an agreement that costs the company $1.25 billion per month, according to SpaceX's S-1 filing.