Anthropic Prepares for Potential 2 Trillion Dollar IPO

Anthropic plans to disclose its third-quarter financial results to institutional investors during a meeting on Wednesday. The San Francisco-based AI company is preparing for a potential initial public offering in November, with a valuation that could reach $2 trillion based on projected year-end revenue exceeding $100 billion. Earlier this year, the company filed confidentially with the United States Securities and Exchange Commission.

This move follows a period of market volatility triggered by OpenAI, which revised its revenue figure to $50 billion after removing cloud partner sales. The potential listing comes as the broader AI sector faces headwinds from rising interest rates. Broadcom CEO Hock Tan warned that climbing rates could constrain access to capital for AI firms, a factor that has contributed to a recent sell-off in semiconductor and AI-related stocks.