Anthropic Targets $2 Trillion in Planned Stock Listing

Anthropic plans to list on Nasdaq at a $2 trillion valuation, aiming to raise up to $100 billion. That is more than double its $965 billion private valuation. The AI maker reported $4.6 billion in 2025 revenue and a $42 billion net loss, with sales from pay-per-use computing (metered tokens) and subscriptions.