Anthropic reports $11.5 bn Q2 revenue amid $2 tn IPO plans
According to CNBC, Anthropic reported second-quarter revenue of over $11. 5 billion, more than 14 times the prior year’s level, as the AI firm prepared for a possible initial public offering.
Fortune reported that the company has filed a confidential IPO slated for October and is targeting a valuation of up to $2 trillion, with projected annual revenue of $100-$120 billion by 2026. Analysts noted that achieving such a market value would require tens of billions in annual net profit, a level the startup has not yet reached.