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Anthropic Delays IPO to Mid-October, Eyes $2 Trillion Valuation

Anthropic delays its planned IPO to mid-October, targeting a $2 trillion valuation ahead of US midterm elections.

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Anthropic is delaying its planned initial public offering (IPO) to start marketing the offering in mid-October at the earliest. [1] OpenAI CEO Sam Altman described the current AI infrastructure buildout as 'unsustainable silliness' in an interview. [2] Anthropic is expected to make its initial public offering prospectus public in late September rather than as early as next week. [3] Some investors believe the revised timeline pushes back an offering that could value Anthropic at about $2 trillion. [4] Two people familiar with Anthropic's financials told Reuters that the company is forecasting revenue of about $190 billion to $200 billion in 2028. [5] Altman assured that OpenAI's own expansion is profitable and backed by real demand. [6] Altman pointed to neocloud providers announcing massive capacity without the revenue or customers to justify it. [7] Altman stated that too many providers have a 'cost is no object' mindset and are building out crazy amounts of compute even at higher prices. [8]
What this stands on
  1. Anthropic is delaying its planned initial public offering (IPO) to start marketing the offering in mid-October at the earliest. · The Times Of India
  2. OpenAI CEO Sam Altman described the current AI infrastructure buildout as 'unsustainable silliness' in an interview. · The Decoder
  3. Anthropic is expected to make its initial public offering prospectus public in late September rather than as early as next week. · The Times Of India
  4. Some investors believe the revised timeline pushes back an offering that could value Anthropic at about $2 trillion. · The Times Of India
  5. Two people familiar with Anthropic's financials told Reuters that the company is forecasting revenue of about $190 billion to $200 billion in 2028. · The Times Of India
  6. Altman assured that OpenAI's own expansion is profitable and backed by real demand. · The Decoder
  7. Altman pointed to neocloud providers announcing massive capacity without the revenue or customers to justify it. · The Decoder
  8. Altman stated that too many providers have a 'cost is no object' mindset and are building out crazy amounts of compute even at higher prices. · The Decoder
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