Anthropic has filed to go public on the Nasdaq under the ticker ANT, setting the stage for a potentially record-setting IPO that could value the Claude developer at more than $2 trillion. Alongside the extraordinary cost of its AI expansion, Anthropic warned that it "may not generate sufficient revenue to achieve or sustain profitability in the future." "While we have experienced significant revenue growth in recent periods, our business is highly capital intensive," the company said. "Our revenue growth may not be sustainable, and our rate of growth may decrease." NBC News reports: 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. [...] 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. Anthropic also said it planned to spend $115 billion with Google and $45 billion with Microsoft, both through 2033, for computing infrastructure. The filing said that the company recorded revenue growth of "1,368% year over year for the three months ended June 30, 2026." The cost of renting servers and chips grew by 300% over the same period. Anthropic's net loss for the first six months of 2026 was $80.7 billion. For the entirety of 2025, the company reported a $42 billion net loss. Anthropic added that it expects its current cash and sales to be sufficient for the next 12 months but warned that future revenue growth depends on a number of important factors, including the cost of infrastructure. As a result, it said, "we may be required to seek additional financing sooner than we currently anticipate." The company said it has raised about $141 billion of capital through the end of June and is sitting on $112.4 billion of cash.

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