Anthropic seeks $2T valuation in IPO amid surging costs
Summary
Anthropic is preparing for its initial public offering (IPO) with an ambitious valuation target of over $2 trillion, despite reporting a staggering net loss of $42 billion in 2025, according to its newly released IPO prospectus. The company has faced increasing operational costs, spending $7.33 billion on compute and infrastructure, and widening its operating losses significantly from the previous year. Founded by researchers who previously worked at OpenAI, Anthropic actively competes with that firm not only for customers and talent but also in securing regulatory influence as they both advance their AI technologies and get ready for public listings. Analysts have raised concerns about the societal risks associated with AI advancements, an issue which Anthropic has acknowledged through its own research, adding to the ongoing debate about the industry's governance and safety.