Anthropic, the AI company behind the Claude model, is preparing for its IPO. Founded by former OpenAI researchers and backed by Amazon and Google, the company reports a $65 billion annual revenue run rate. However, it faces significant operational losses and a legal dispute with the Trump administration over its inclusion on a Pentagon blacklist. Analysts predict a market cap between $2.5 trillion and $2.75 trillion at IPO, with a 23.4% probability. The likelihood of an IPO before the end of 2026 stands at 92.5%.
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