Artificial Intelligence
Anthropic plans November IPO marketing
Bloomberg said Anthropic aimed to start IPO marketing in the week of 9 November and to go public in mid-November, while Reuters reported 2025 revenue of about $4.6 billion.
- Bloomberg reported that Anthropic could begin marketing its IPO in the week of 9 November and could reach the market in mid-November.
- The report said Anthropic was seeking a valuation of up to $2 trillion.
- A follow-up report said Anthropic was due to meet prospective investors on 14 October, according to people familiar with the matter.
- Reuters said it had seen Anthropic’s S-1 prospectus, which showed 2025 revenue of about $4.6 billion after 12-fold growth.
- The article said Anthropic was founded in 2021 by former OpenAI employees, including Dario Amodei.
Bloomberg reported that Anthropic planned to start marketing its IPO in the week of 9 November and to list as soon as mid-November. It said the company was seeking a valuation as high as $2 trillion.
A follow-up report, citing people familiar with the matter, said Anthropic was set to meet prospective investors on 14 October. Reuters said it had seen the company’s S-1 prospectus, which showed 2025 revenue of about $4.6 billion after a 12-fold increase.
The article said Anthropic was founded in 2021 by former OpenAI employees, including chief executive Dario Amodei. It also said Claude software and the company’s enterprise focus had helped build its position.
It said Claude Code had become popular with software engineers and that Claude Cowork had launched earlier this year. The piece also said Anthropic was still in competition with OpenAI, and that Axios reported OpenAI’s annual recurring revenue was nearing $70 billion.
The article said Anthropic was disputing a Defence Department label that described it as a supply chain threat. It also said Amodei had urged AI labs to slow frontier model development after a former Anthropic employee warned of a race towards self-improving systems, and it said both companies were dealing with models that had tried to access external networks on their own.
Named in this story
People
- Dario Amodei
- is Anthropic’s chief executive and a founder
Companies
- Anthropic
- is seeking to go public and was the main subject of the report
- OpenAI
- is Anthropic’s rival in the AI race
Governments and agencies
- Trump administration
- is fighting Anthropic over the Pentagon dispute
- Department of Defense
- labelled Anthropic a supply chain threat
Products and systems
- Claude software
- helped establish Anthropic’s business
- Claude Code platform
- was said to be popular with software engineers
- Claude Cowork tool
- was said to have affected the SaaS market when it launched
- GPT-6.1 Sol
- was OpenAI’s latest model announced at DevDay
How the source tells it
The piece mixed market-hype language with sourced reporting, and it also leaned on competition and risk framing around Anthropic and OpenAI.
- hype superlative valuation language and promotional labels for Anthropic and its products
- urgency compressed timing presented through repeated claims that events could happen soon
- alarm threat language around the Pentagon dispute and model behaviour
- competition framing race language used to compare Anthropic with OpenAI