Anthropic files for IPO as co-founder discusses AI investment returns
8 reported
Anthropic has confidentially filed for an initial public offering, co-founder Daniela Amodei announced at the Bloomberg Tech conference on Thursday. The move comes after the AI model maker completed a $65 billion fundraise at a $965 billion valuation last week, which multiple investors told TechCrunch was greatly oversubscribed. Amodei said the decision to go public is driven by the need for capital to cover the high upfront costs of training models and serving inference. She expressed confidence that businesses are still early in learning how to deploy AI effectively, with use cases in coding, financial services, legal, and health care expected to drive efficiency and creativity. Amodei also addressed why Anthropic is not building its own data centers like rivals OpenAI and xAI, stating the company prefers not to overextend itself by buying more compute than it can productively use. Last month, Anthropic partnered with xAI for compute capacity in a deal disclosed in SpaceX’s S-1 filing to cost $1.25 billion per month.
What’s reported
Anthropic confidentially filed for an IPO, announced by co-founder Daniela Amodei at the Bloomberg Tech conference on Thursday.
The company completed a $65 billion fundraise at a $965 billion valuation last week, which was greatly oversubscribed.
Annualized revenue crossed $47 billion in May, up from roughly $9 billion at the end of 2025.
Amodei said the need for capital to train models and serve inference drove the IPO decision.
Companies like Uber have said not all AI spending has proven productive, raising the prospect of budget cuts.
Amodei expects AI use cases in coding, financial services, legal, and health care to drive efficiency and creativity.
Anthropic is not building its own data centers; Amodei said the company prefers not to overextend on compute.
Last month, Anthropic partnered with xAI for compute capacity at a cost of $1.25 billion per month, per SpaceX’s S-1 filing.
Key figures
Daniela Amodei, co-founder of Anthropic
Sources: TechCrunch
