Anthropic said to weigh IPO as soon as October

Anthropic, the AI company behind the Claude chatbot, is exploring an IPO as soon as October, according to people familiar with the discussions.

The company has held early talks with Wall Street banks about lead roles, and Goldman Sachs, JP Morgan, and Morgan Stanley are among the firms being considered, the people said.

The Information reported the listing could raise more than US$60 billion, while the people cautioned that plans are still being debated and could change.

Anthropic, founded in 2021 by former OpenAI employees, was valued at US$38 billion in a US$30 billion funding round that closed in February, and it recently won a court order blocking a US government ban on using its technology after the Pentagon labeled it a supply chain threat.

🔗 Source: Bloomberg

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Implications, context, and why it matters.

Anthropic’s IPO pitch leans on huge, two-way spending deals

A US$30 billion funding round also comes with large purchase commitments to some of the same backers and partners 1.
Anthropic agreed to buy US$30 billion in compute capacity from Microsoft Azure, plus it said it will expand use of Google Cloud technologies, including access to up to 1 million Tensor Processing Units (TPUs), Google’s AI accelerator chips, in a deal worth tens of billions of dollars 2 3.
That money loop fits today’s AI infrastructure market, since cloud and chip sellers that win big contracts also invest in Anthropic 2.
Microsoft and Nvidia, a leading AI chipmaker, said in November they would commit up to US$5 billion and up to US$10 billion, while Anthropic said its February round includes part of those earlier commitments 2 1.
Anthropic also reported fast growth, with run-rate revenue rising from about US$1 billion at the start of 2025 to over US$5 billion by August 2025 4.

The IPO could strengthen Anthropic’s multi-cloud footing for enterprise buyers

Anthropic said the Microsoft partnership would make Claude the only frontier model available on AWS, Google Cloud, and Microsoft Azure 2.
That setup may push cloud providers to compete on performance and enterprise offerings, instead of locking up one model family 2.
Enterprise teams can cut vendor lock-in risk and gain more leverage in procurement talks with a multi-cloud option 2.
CNBC reported an AWS outage did not affect Claude, which Anthropic tied to its diversified architecture 5.
An IPO could add funding for infrastructure expansion plus product development, while keeping flexibility across cloud partners 1.