Anthropic eyes $2tr valuation as IPO plans gather pace

SAN FRANCISCO: Anthropic's revenue surged around 50 per cent to $16.8 billion in the September quarter, while the artificial intelligence company reported adjusted profitability over the previous six months, according to US media reports, as it prepares for a potential IPO that could value it at $2 trillion. The San Francisco-based artificial intelligence (AI) lab is barrelling towards a highly anticipated initial public offering (IPO), where it is expected to seek a $2 trillion valuation, beating SpaceX's record-setting $1.8 trillion valuation when it debuted in June.

First reported by Geo News. This page is a short excerpt; the full text is theirs.