Anthropic aims to raise up to $90 billion by selling shares to public investors and, at the same time, to private buyers, valuing the company at approximately $1.4 trillion rather than the $2 trillion investors had anticipated weeks earlier, Yahoo Finance reported on 13 November. At a livestreamed event at JPMorgan Chase’s Manhattan headquarters that day, Anthropic chief executive Dario Amodei discussed the company’s computing costs with the bank’s chief executive, Jamie Dimon.
“Compute is the deepest business dilemma that the company faces,” Amodei said, Bloomberg reported. Anthropic must commit to expensive infrastructure before it knows how much demand its AI products will generate. Amodei said the company tends to buy less capacity than its growth projections would justify, adding capacity when demand exceeds expectations. More cash would give it a buffer against that uncertainty, he said.
Anthropic previously disclosed $895 billion in commitments ahead of the offering. Anthropic expects to price its shares on 18 November and begin trading on 19 November.
