IBL News | New York
Amid the AI safety debate, when Dario Amodei, CEO, called last week for slowing down the development of the same advanced models, Anthropic continues planning its upcoming blockbuster IPO while using numbers to boost its market valuation.
The company announced that it expects to reach over $100 billion in annualized revenue by the end of this year, up from $65 billion as of July. Investors are using these soaring numbers to justify a staggering potential valuation of $2 trillion.
Shares can start trading in November, but the timing of IPOs is always subject to change due to investors’ sentiment and market volatility.
Going public would allow Anthropic to raise capital to cover the computing costs required to build and run its AI models.
Rival company OpenAI last week said, through its CEO Sam Altman, that it was putting off its public listing until 2027.