Before Its IPO, Anthropic’s Daniela Amodei Addresses AI Profitability Concerns

Private investors are keen to secure a share in Anthropic, as the rapidly expanding AI model developer has attracted notable interest. Multiple investors informed TechCrunch that the company’s latest fundraising of $65 billion, achieved at a $965 billion valuation, saw significant oversubscription. With strong investor interest persisting, Anthropic has announced its intentions to pursue a public listing by filing confidentially for an IPO.

Co-founder Daniela Amodei addressed attendees at the Bloomberg Tech conference on Thursday, emphasizing that this choice is primarily about capital. “The initiation of training the models and processing inferences necessitates a considerable upfront investment,” she noted. “I foresee that over time, the leading companies at the forefront will increasingly require capital access, and the public markets are well-suited to meet that demand.”

Anthropic’s growth trajectory is remarkable, with the company reporting annualized revenue exceeding $47 billion in May, up from around $9 billion by the end of 2025. However, this positive trend could encounter obstacles. Companies like Uber have indicated that while AI can offer returns, not every investment in AI has proven effective, potentially leading to reductions in budget allocations that could hinder overall sector expansion.

Nonetheless, Amodei remains optimistic, believing that corporations are still in the nascent phases of effectively leveraging AI.

“Current use cases will likely continue to drive efficiency and creativity, whether in coding, financial services, legal affairs, or healthcare,” she stated. “As the business world grows more acquainted with these tools, a collective learning process will unfold. My aspiration is that, over time, AI will be increasingly woven into our daily workflows, resulting in significantly enhanced value.”

Amodei further clarified why Anthropic chose not to build its own data centers, unlike competitors such as OpenAI and Elon Musk’s xAI, to address its growing computational requirements.

“Anthropic has consistently aimed to strategize for the best possible outcomes without overextending our capabilities by securing more computing power than we can effectively deploy,” she stated. “Accurately forecasting this need is quite challenging. We prefer to be in a situation where there’s slightly greater demand for our product than we can currently satisfy, rather than the reverse.”

Last month, the company surprised the AI community by partnering with xAI for computational resources, a collaboration later disclosed in SpaceX’s S-1 filing, highlighting a significant monthly cost to Anthropic of $1.25 billion.