On September 19, the Financial Times reported that investors are questioning whether Anthropic can sustain its high growth due to competition, price-sensitive customers, and potential AI risks, casting a shadow over its IPO. Anthropic's annualized revenue reached $65 billion in July and is expected to exceed $120 billion by the end of the year, but the sustainability of this growth is in question. The IPO valuation range for Anthropic is wide, with a current valuation of $965 billion and post-IPO trading valuations potentially reaching $1.5 trillion to $4 trillion. Investors are concerned about the resurgence of competitor OpenAI and competitive pressures from low-cost models. Additionally, AI safety issues and the risk of government intervention are also affecting investor confidence.
