Anthropic’s IPO filing on Monday could lead to the largest offering in history, with the Claude creator potentially reaching a market capitalization in the trillions. Its second-quarter revenue surged to $11.56 billion from $787 million a year earlier, and the company reported $974 million in operating income after five quarters of losses. However, Anthropic recorded more than $80 billion in losses during the first half, and nearly half of its revenue comes from Claude sales through the cloud divisions of Microsoft, Amazon and Alphabet, which are also investors. The offering’s performance will shape investor confidence in the broader artificial intelligence sector and could delay OpenAI’s IPO or trigger a wider reset of valuations.
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