Anthropic has committed to spending more than $895 billion, primarily on computing and infrastructure, as it approaches its public listing. Documents filed with the SEC report third-quarter revenue of nearly $17 billion, despite a net loss of $23.3 billion. Prediction markets now assign a higher probability to a valuation above $1.25 trillion. The final valuation and offering size remain undisclosed, while upcoming revenue and annual recurring revenue disclosures could influence market forecasts.
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