Anthropic IPO or AI hottest test, $2 trillion valuations facing a profitability test

On August 15, according to Jim Osman, the author of Forbes column, Anthropic's potential IPO or becoming an important node for testing AI's investment logic. The company ' s annualized income operating rate rose from $14 billion in February to over $47 billion in May, and the latest private collection valuation rose from $38 billion in February to $965 billion. The market is currently even discussing the possibility that its IPO valuation could reach more than $2 trillion, but the company has not yet published the issue price or the final time of listing. Osman notes that the growth rate of Anthropic is significant, but this also means that much of the future success may have been factored into the valuation. The company had submitted a secret listing application on 1 June and, while preparing for the IPO, it still needed to invest a significant amount of capital in order to maintain the competitiveness of the front-line model. Anthropic financed $65 billion in May, with some of the funds being used to increase its capacity. The company has reached a maximum of 5 GW additional calculator arrangement with Amazon and another 5 GW next generation TPU calculator with Google, Broadcom, using SpaceX GPU capacity. The report also states that Anthropic has committed more than $100 billion to Amazon cloud services in the next 10 years. According to Osman, investors need to focus not only on the continued growth of AI technology, but on how future profits will ultimately be distributed among model developers, chip manufacturers, cloud service providers, data centres and software enterprises. For Anthropic, the key lies in how much cash revenue eventually translates into cash, how much capital needs to be reinvested to maintain the technological lead, and whether pricing rights and long-term rates of return can be maintained after increased competition。