Overview
Anthropic, a public benefit corporation founded in 2021 and headquartered in San Francisco, develops the Claude family of large language models (LLMs), which are neural networks trained to generate and reason over text, code and images[3]. Its S-1 registration statement reports revenue of US$41 million in 2023, US$386 million in 2024 and US$4.6 billion in 2025, then US$33.2 billion in the nine months to 30 September 2026; run-rate revenue (a recent period’s revenue annualised) was about US$81 billion at 31 October 2026[3]. Claude is sold through an API, through applications such as Claude Code and Claude Cowork, and through Amazon Web Services, Google Cloud and Microsoft Azure[3]. The company trains and serves models on AWS Trainium, Google TPUs, NVIDIA GPUs and AMD GPUs[3]. On 10 November 2026 it launched the roadshow for an initial public offering of 825 million Class A shares at US$70 to US$78 each, to trade on Nasdaq as ANT[4]. The filing lists customer concentration in large accounts and very high compute commitments among its risks[3].
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