Anthropic’s $200 billion revenue forecast sets the stakes for its IPO
AI company Anthropic is projecting revenue of up to $200 billion by 2028 as it prepares for a major IPO. The company is aggressively investing in infrastructure and acquisitions, such as the startup Decart, to support this rapid growth.
Why it matters
The valuation of AI companies based on long-term revenue forecasts highlights the high-stakes, speculative nature of the current AI investment boom.
As Anthropic prepares for what could be one of the biggest IPOs on record, Wall Street is looking further into the future than it typically does to put a value on the AI company, with investors basing their calculations on how much revenue it could generate two years from now. Anthropic is projecting revenue of roughly $190 billion to $200 billion in 2028, according to Reuters. The figure has not previously been reported and dwarfs the $47 billion annual revenue run rate that the company disclosed as recently as May, highlighting the extraordinary growth investors are being asked to underwrite. Anthropic's willingness to spend heavily to secure the technology needed for that growth was underscored by its negotiations to acquire Israeli AI startup Decart for approximately $7 billion.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in