Anthropic nears Nasdaq IPO with up to $90 billion at stake
Why it matters: The offering is a major test for AI financing as Anthropic carries more than $900 billion in spending commitments.
Anthropic is heading toward a Nasdaq debut Thursday in what CNBC described as the most important tech IPO in years, with the company expected to price shares at $70 to $78. The listing could bring in more than $90 billion in proceeds, adding to $132 billion in existing cash and giving the Claude maker more firepower for the enormous cost of building and running frontier AI models. Anthropic disclosed more than $900 billion in spending commitments, including at least $110 billion with Amazon over a decade, $400 billion with other cloud providers, $300 billion with data center and chip partners, and plans to spend $125 billion to $150 billion on Google AI chips starting in 2028.