Investors in Claude developer Anthropic are reportedly setting a $2 trillion target for its October IPO in an eye-watering and potentially risky play to set a record valuation.
According to the Financial Times, “half a dozen” Anthropic investors confirmed the target valuation, citing the company’s projections of $100 billion to $120 billion in revenue by the end of 2026. One claimed that $2 trillion was actually a lowball figure, given Anthropic’s rate of expansion, and suggested $3 trillion “on the incredibly low side” instead. (A totally unbiased figure, we’re sure.)
“It’s easy to come up with challenges,” one investor told FT. “But the…
Read the full article at GIZMODO.COM
