Given that the AI model maker is growing at a dizzying pace, retail investors are hunkering down to get a piece of Anthropic. The company’s $65 billion funding announced last week at a valuation of $965 billion was significantly oversubscribed, multiple investors told TechCrunch. Currently, as private demand remains strong, Anthropic has secretly filed for an IPO and revealed that it is taking steps toward listing.
Co-founder Daniela Amodei, speaking at the Bloomberg Tech Conference on Thursday, said the decision was a matter of capital. “There is a very large up-front cost to train a model and provide inference with the model,” she said. “My guess is that over time, companies like core companies that are pushing the frontier will need access to capital, and I think the public markets are a great fit for that.”
The human world is growing at a breakneck pace. The company announced in May that its annualized revenue exceeded $47 billion, up from about $9 billion at the end of 2025. But that trajectory faces real challenges. Companies such as Uber say that while AI can bring benefits, not all AI spending has proven to be productive, raising the prospect that overall industry growth could slow as companies begin to rein in their budgets.
Amodei believes that companies are still in the early stages of finding ways to effectively implement AI.
“I think today’s use cases will continue to be the main drivers of efficiency and creativity in the future, whether it’s coding, financial services, law, (or) healthcare,” she said. “But as the business community becomes more comfortable with the tool, we’ll all learn together. My hope is that over time, it will become more embedded in the way humans do their jobs on a daily basis and actually realize more value.”
Amodei also discussed why Anthropic, unlike rivals OpenAI and Elon Musk’s xAI, hasn’t built its own data center to handle the company’s growing computing needs.
“Anthropic’s view is that we always plan for the best outcome, but we don’t want to overscale by buying more computing than we can use productively,” she said. “It’s very difficult to predict this perfectly. We’d rather be on the side where the demand for our product is a little bit more than our capacity, rather than the other way around.”
Last month, the company surprised the AI industry by partnering with xAI for computing power. The deal, later revealed in SpaceX’s S-1 filing, would cost Anthropic $1.25 billion per month.
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