Anthropic has decided to delay its initial public offering (IPO) until November, a strategic move that comes amid ongoing discussions about the pace of AI development—though the timeline remains flexible. Previously, investors anticipated that Anthropic’s valuation at listing could soar to around $2 trillion, with the potential to raise up to $100 billion in capital, both figures eclipsing SpaceX’s current records. In the coming weeks, Anthropic is set to engage with potential investors, who may raise concerns about how the deceleration in AI model development could impact its financial performance and valuation. Nevertheless, the company’s advisors and existing investors remain optimistic, projecting that annualized revenue will surpass $110 billion by the end of 2026.

On September 17, Anthropic gathered early investors and partners to showcase its latest product offerings. During an evening dinner, discussions prominently featured the CEO’s safety warnings and the broader public sentiment surrounding AI. Investment firms in Silicon Valley have expressed that Anthropic’s proactive approach to promoting safety standards is timely, and that establishing an early commitment to safety could position the company favorably amid increasing regulatory and public scrutiny.

Anthropic’s primary rival, OpenAI, has made it clear that it will not pursue an IPO before 2027 and is currently in the process of securing a new round of funding. Should OpenAI manage to raise a sum comparable to its previous record-breaking funding round before Anthropic’s listing, it could potentially dampen investor enthusiasm and market demand for Anthropic’s offering.