Anthropic, the AI model maker, has taken steps toward a public listing by filing confidentially for an IPO, according to sources. The company’s $65 billion fundraise at a $965 billion valuation, announced last week, has generated significant private investor interest. Co-founder Daniela Amodei, speaking at the Bloomberg Tech conference on Thursday, stated the decision is driven by capital needs. 'It’s a really big upfront cost to train the models and to serve inference on them,' she said. 'My guess is that over time, the sort of core set of companies that are working to advance the frontier are just going to need access to capital, and I think the public market is very well suited to that.'
The company has been growing at a breakneck pace, with annualized revenue crossing $47 billion in May, up dramatically from roughly $9 billion at the end of 2025. This rapid growth faces a real test, as companies like Uber have noted that while AI can deliver returns, not all of their AI spending has proven productive. This has raised the prospect that corporations could begin to rein in those budgets and slow growth across the sector. Amodei, however, remains unfazed, believing businesses are still early in figuring out how to deploy AI effectively.
Amodei also addressed why, unlike rivals OpenAI and Elon Musk’s xAI, Anthropic isn’t building its own data centers to meet the company’s growing compute needs. 'Anthropic’s view has always been wanting to plan for the best outcome but not overextend ourselves such that we’re buying more compute than we could productively use,' she said. 'It’s really hard to predict that perfectly. We would much prefer to be on the side of having a little bit more demand for the product than we’re able to serve than the inverse.'
Source: techcrunch
