Anthropic Shrugs Off Volatility Ahead of $100 Billion Nasdaq IPO as Valuation Target Falls to $1.5 Trillion
Updated
Updated · Financial Times · Nov 13
Anthropic Shrugs Off Volatility Ahead of $100 Billion Nasdaq IPO as Valuation Target Falls to $1.5 Trillion
1 articles · Updated · Financial Times · Nov 13
Summary
Less than a week before listing, Anthropic CEO Dario Amodei said the company is unconcerned about turbulent markets and still plans to go public on Nasdaq on Thursday.
About $100 billion could be raised through the IPO and a simultaneous private placement, a cash boost Amodei said is needed to fund massive compute and infrastructure expansion.
The offering is expected to value Anthropic at roughly $1.5 trillion, down from summer expectations above $2 trillion after AI-boom doubts and Nvidia chief Jensen Huang’s resignation rattled markets.
More than $130 billion in cash was on hand at the end of September, but Anthropic still expects about $900 billion in infrastructure spending over coming years and may buy extra capacity on the spot market.
Amodei said he is also unfazed by fears advanced AI will become commoditized, arguing rising cognitive power will create new markets even if chatbots and coding tools grow crowded.
With a $900 billion infrastructure bill looming, can Anthropic's explosive revenue growth actually outpace the staggering physical costs of the AI race?
As Anthropic targets a $1.5 trillion valuation, will global power grids and resource limits throttle their expansion before market volatility ever could?