Anthropic - “AI company’s insane growth”

Stocks
, ,
1

Founded in 2021 by former OpenAI employees Dario and Daniela Amodei, Anthropic is a leading AI company. Claude, the brand name for Anthropic’s AI offerings, is “built for problem solvers” and helps its users “tackle complex challenges, analyze data, write code, and think through their most difficult work.” Unlike OpenAI’s “ChatGPT” AI model, the vast majority of Anthropic’s revenue comes from enterprise contracts. Companies use Claude for critical workflows such as financial data analysis, cybersecurity, and regulatory compliance.
Companies prefer Claude for its “agentic capabilities,” which allow the AI to perform tasks independently. At the same time, unlike other AI models, Claude primarily attracts enterprise customers with large capital reserves who tend to be “stickier” clients. Revenue has grown 80-fold in a year. The company remains heavily loss-making and estimates it will not turn a profit until 2028.

Anthropic is currently unlisted, but several public companies (and their shareholders) benefit from its success, including:

Alphabet: According to reports, Google owns approximately 14% of Anthropic.

SK Telecom: The South Korean telecom giant was one of the early investors in 2023 (SKM invested $100 million in Anthropic).

NVIDIA: The chip giant invested $10 billion in the February 2026 funding round. In addition to the investment, NVDA benefits from Anthropic’s computing demand.

Amazon: Amazon committed to investing up to $8 billion in Anthropic late last year. Additionally, Amazon is Anthropic’s cloud partner. Ownership is estimated at ~15–19%.

Microsoft participated in Anthropic’s major funding rounds in 2025–2026. Reports indicate the investment size was approximately $5 billion USD.

Zoom: Zoom was an early Series C investor in Anthropic.

Reuters reported as early as December 2025 that Anthropic had hired the law firm Wilson Sonsini to prepare for a potential IPO “as early as 2026.” At the same time, the company itself stated that no decision regarding an IPO had been made yet.

However, as investors, we must consider that at the current rate, Anthropic’s insane growth might mean the company could soon run out of “intelligence.” :grinning_face:

Good luck!

20 Likes
2

Invesdor.fi seems to have a pre-IPO open – has anyone participated yet?

3

Structured bond. There were an awful lot of different fees, and the website even mentioned Oura? It didn’t inspire any confidence at all that anyone could actually make money with it (besides the issuer Cometum), as it doesn’t involve any direct equity investment.

4 Likes
4

Apparently Reuters got to see Anthropic’s IPO prospectus.

Anthropic saw its 2025 sales surge 1,088% to $4.59 billion, according to a report from Reuters late Monday who saw the company’s IPO prospectus. An official filing has not been made public yet.

Anthropic lost $41.97 billion last year on a net basis, up from a loss of $8.31 billion in 2024.

Anthropic sold $4.6 billion worth of its service and lost $42 billion in 2025. The company’s commitments to purchase compute etc. were a whopping $518 billion.

The company is targeting a two-trillion market cap in the IPO.

Note: Anthropic is expanding like crazy, so revenue is already much higher now. At the same time, a lot of things need to go right when the company has committed to such massive purchase obligations. Giving off slight “too big to fail” vibes from a purely financial perspective. :smiley:

14 Likes
5

It’s a bit strange that Reuters only got to examine the 2025 figures. Their utility value, both for the company itself and for the sustainability of the entire AI boom, is pretty much zero. We already know that the revenue run-rate is approaching $100B, so some $4.6B from 2025 tells us absolutely nothing.

The only really interesting thing is that $518B commitment. That translates to about 15 GW of computing power (likely over a 7-10 year horizon). Consequently, on average, (at least) roughly $50-75B per year will be spent on computing.

This is not a bad figure at all when compared to the current run-rate of around $100B. And then, when you factor in that additional 15 GW of capacity, which based on current knowledge (read: with current models and their pricing) could be in the ballpark of $300-400B, the revenue at full capacity corresponding to the commitments could perhaps even exceed $500B. Based on these small tidbits of information, it looks potentially even surprisingly profitable as a business—something that many who understand tokenomics better have predicted regarding gross margins. It will be interesting to see the company’s more detailed calculations, which will hopefully be released in full soon.

6 Likes