Anthropic, the company behind Claude AI, is preparing for a potential IPO at a valuation of $1.5 trillion to $2 trillion. Its financial disclosures reveal revenue of $16.3 billion in the first half of 2026, alongside a reported loss of $80.7 billion. However, $72.4 billion of the loss was linked to accounting adjustments, while the operating loss from selling Claude was approximately $700 million. A bigger concern for investors is the company's $900.9 billion in future computing infrastructure commitments. This article examines Anthropic's rapid revenue growth, infrastructure spending, business risks, potential IPO valuation and Public Benefit Corporation (PBC) structure.
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