Anthropic investors target $2 trillion valuation in planned IPO

Anthropic is targeting a $2 trillion valuation in an initial public offering planned for as early as September. Claude’s strong adoption in enterprise coding and agentic workflows underpins the valuation ambitions. Risks include intensifying competition from OpenAI, Chinese open-weight models with lower hardware requirements, and emerging local harnesses that could pressure subscription-based revenue models. Closed-model recursive learning from real-world usage is cited as a potential advantage if the company maintains its lead.