Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast, sources say
Anthropic's expected valuation for a future initial public offering hinges on a forecast that the AI company's annual revenue will reach $190 billion to $200 billion by 2028, according to people familiar with the matter. The projection underpins the growth story investors are being shown as the company weighs going public. The figure highlights how aggressively AI firms are pricing in future demand.

The expected valuation for a future Anthropic initial public offering hinges on a forecast that the AI company's annual revenue will reach $190 billion to $200 billion by 2028, according to people familiar with the matter. The projection underpins the growth story being shown to potential investors as the company weighs going public.
The revenue forecast rests on continued demand for AI services across corporate clients and cloud-computing partnerships, sources said. Across the industry, large technology firms and investment groups have kept committing hundreds of billions of dollars to AI infrastructure this year.
No firm timeline for an IPO has been set, and the figures could still change, the people cautioned. Still, the projection illustrates how aggressively AI companies are pricing in future demand as they court public markets.
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