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Anthropic is heading toward the largest IPO ever, at a possible $2 trillion valuation

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Bottom line: Anthropic is heading toward a possible October IPO, with many investors telling the Financial Times that they expect the company to reach a valuation of $2 trillion or more. That figure would make it the largest public offering on record and put the company at the top of a market that is becoming increasingly cautious about AI spending and valuations.

The expectations are driven by Anthropic's rapid revenue growth. Investors expect its annualized revenue to reach $100 billion to $120 billion by the end of 2026. Anthropic said in May that its annualized revenue had surpassed $47 billion.

"If Anthropic is growing 800% a year, you'd think at the incredibly low end they would trade at 30 times [revenue]," one investor in the group toldthe Financial Times. "That would make...

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Apple’s Warnings About Spyware Are Real, Don’t Ignore Them

Trump sends the US Navy back to the steam age

Russian missile uses Nvidia AI chip to help target Ukraine

Marvel's Wolverine arrives complete on disc, just as physical gaming fades