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Anthropic unveils $80 billion loss, major spending spree ahead of IPO

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Artificial intelligence startup Anthropic on Monday unveiled its public IPO filing ahead of what is expected to be one of the largest stock debuts in history.

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That offering, widely expected to come sometime in mid-November, could value the Claude developer at more than $2 trillion. The filing did not include a potential share price, the number of shares to be offered or a valuation for the whole company, all of which will be determined after Anthropic holds a “road show” with investors, prospective investors and its bankers. Monday’s filing with the Securities and Exchange Commission showed that Anthropic, like other AI firms, is splashing out unprecedented amounts of cash on cloud services to run its AI models. The company plans to spend at least $110 billion with Amazon for cloud services through April 2036 and another $120 billion with SpaceX through 2029.

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