blog trackingweb statistics Anthropic reveals $80 billion loss, huge spending spree…

Anthropic reveals $80 billion loss, huge spending spree ahead of IPO

By ·

Artificial intelligence startup Anthropic on Monday unveiled its public IPO filing for the first time ahead of what is expected to be one of the largest stock debuts in history.

\n\n

That offering, widely expected to come sometime in mid-November, could value the Claude developer at more than $2 trillion. That could surpass the current record holder, Elon Musk’s SpaceX, which raised $75 billion in an IPO in June that valued the rocket-AI-social media firm at $2.1 trillion.

\n\n

The filing did not include a potential share price, the number of shares to be offered or a valuation for the whole company, all of which will be determined after Anthropic holds a “roadshow” with investors, prospective investors and its bankers.

\n\n

Monday’s filing with the Securities and Exchange Commission showed that Anthropic, like other AI firms, is splashing out unprecedented amounts of cash on cloud services to run its AI models.

\n\n

The company plans to spend at least $110 billion with Amazon for cloud services through April 2036, and another $120 billion with SpaceX through 2029.

\n\n

Anthropic also said it planned to spend $115 billion with Google and $45 billion with Microsoft, both through 2033, for computing infrastructure.

\n\n

The filing said that the…

Original source: https://www.nbcnews.com/health

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *