AI lab Anthropic, reportedly preparing for a $2 trillion IPO, plans to tell investors its total addressable market exceeds $30 trillion, a figure roughly equal to the entire US GDP and representing about a quarter of global GDP. This estimate, based on the value of all human labor AI could theoretically replace across sectors like legal, accounting, and engineering, has drawn sharp criticism from financial analysts who compare it to the marketing tactics of the dot-com era. Anthropic’s annualized revenue run rate surpassed $65 billion by end of July 2025, up from roughly $9 billion at the end of 2025, but sophisticated investors remain cautious about such ambitious projections.
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