Anthropic has taken another step toward a public listing, with the AI company filing confidentially for an initial public offering as demand from private investors remains strong.
Speaking at the Bloomberg Tech conference on Thursday, co-founder Daniela Amodei said the move is driven by the need for capital.
“It’s a really big upfront cost to train the models and to serve inference on them,” Amodei said. “My guess is that over time, the sort of core set of companies that are working to advance the frontier are just going to need access to capital, and I think the public market is very well suited to that.”
The IPO filing comes shortly after Anthropic announced a $65 billion fundraising round at a $965 billion valuation. Multiple investors told TechCrunch the round was heavily oversubscribed.
Revenue growth accelerates
Anthropic has expanded rapidly over the past year.
The company said annualized revenue reached $47 billion in May, up from about $9 billion at the end of 2025.
Some companies, including Uber, have said that not all AI spending has produced strong returns. That has raised questions about whether corporate customers could eventually slow their AI investments.
Amodei said businesses are still in the early stages of adopting the technology.
“The use cases today, I expect will continue to be the primary driver of efficiency or creativity, whether that’s coding, financial services, legal, [or] health care,” she said.
“But as the business community gets more familiar with the tools, we’re all going to learn together. My hope is that over time it’ll be more incorporated into the day-to-day of how humans do our work, and there will actually be a lot more value realized.”
Cautious approach to computing infrastructure
Amodei also explained why Anthropic has not followed rivals such as OpenAI and xAI in building its own data centers.
“Anthropic’s view has always been wanting to plan for the best outcome but not overextend ourselves such that we’re buying more compute than we could productively use,” she said.
“It’s really hard to predict that perfectly. We would much prefer to be on the side of having a little bit more demand for the product than we’re able to serve than the inverse.”
xAI deal disclosed
Anthropic surprised the AI industry last month by reaching an agreement with Elon Musk’s xAI for computing capacity.
According to SpaceX’s S-1 filing, the arrangement will cost Anthropic $1.25 billion per month.
TL;DR:
Anthropic co-founder Daniela Amodei said the company needs access to public markets to fund the high cost of AI development. The remarks came as Anthropic filed confidentially for an IPO and defended the long-term value of AI spending.
AI summary:
- Anthropic has filed confidentially for an IPO.
- Daniela Amodei said public markets are needed to support AI costs.
- Annualized revenue rose to $47 billion in May from $9 billion at the end of 2025.
- Amodei said businesses are still learning how to use AI effectively.
- Anthropic’s deal with xAI will cost $1.25 billion a month.
