Thoughts on Anthropic filing for IPO
Anthropic filed confidentially for an IPO. Expected to go public as early as this fall.
Curious to hear everyone’s thoughts.
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They're supposedly operationally profitable, I have serious doubts about that and they're probably still burning money. The revenue growth has been truly insane on the back of CC and cowork, which I will admit are amazing tools.
It all depends on whether Anthropic is making money per 1m tokens or not. Because right now, companies are burning through tokens extremely fast and they're mostly capacity constrained. So if their pricing still isn't leading to profit, I don't realistically see how the company could manage to even become profitable at that point.
I'd wager we see a lot of companies race to IPO soon here to try and get capital before the OpenAi and Anthropic IPOs.
I'm curious to see what the valuation ends up being, because the company is probably making more revenue and losing less than SpaceX while growing revenue faster, so if they come in above that it could seriously destroy liquidity in the market and make everything even more top heavy.
I heard that UBS are leading the IPO - pretty impressive win for them
I think it's sad the SEC STILL hasn't made it easier to exist as a public company. As a result, normal people are missing out on a lot of growth in the economy...
This should have been public a while ago, same with other massive private companies like Stripe.
Some may as well be public, with a whole industry of scammers charging 17 layers of fees to put together SPVs to buy into "private" companies.
Anyways, I am long Anthropic. They deploy new features way faster than the others it seems, and it just gets better and better. I think I'll buy some after the IPO dust settles.
I wouldn't rush in. There's going to be a major crunch on Ai models going forwards. There's almost no switching moat for developers because most use CC in the terminal, and switching to opencode where you just plug in an API takes 5 minutes. Sure, they ship features fast and they have amazing tooling, but when you can use an openweight model that costs 10% of Claude and does 95% of the same stuff, you go with the cheaper model.
Because of this, it's pretty much assured that the Ai race will be won on endless investment and constant battles to keep up. It's a commoditized industry that's attempting to develop a moat, but will likely fail because most people don't care what model serves them.
I do development work a lot in my role, and more and more just as a hobby. I can say that the newer Chinese models(Xiaomi MiMo V2.5, Deekseek V4, Minimax 2.7/3, Kimi 2.6, Qwen 3.6/7) have done a lot to impress me. Haven't tried GLM too much, can't speak to it. Other ones I have hooked up with APIs in opencode, and they go way further than anything Anthropic or OpenAi can give me.
IMO, the best future for all of us is if most of the Ai development is openweight. Americans have to recognize the fact that we prosper more as a society when everyone can develop and use Ai cheaply and securely, instead of relying on 2-3 giants to provide all the compute. Maybe that's anti capitalist, but I want a world where my kids can grow up and not need to worry about yet another monopoly controlling the information and utilities of their development. And the only 2 American companies that want to develop openweight in the US these days are Google and Nvidia
anthropic is a headache of a tool. great for visualizing information but worse for coding now. usage limits also suck, and are really short. also, they're making them smaller for their 'pro' subscribers because they want them to upgrade further / save more money.
Not a chance they’re profitable. Their accounting is nonsense.
Weimar malinvestment. Even Amazon isn’t profitable yet (aws is accounting fraud)
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