Anthropic's IPO: Claude maker eyes historic public debut with $33B revenue

Anthropic, founded in 2021 by seven former OpenAI employees, is preparing to go public in what could shape investor sentiment toward AI startups in 2027. The company behind Claude reported over $33 billion in revenue for the first nine months of 2026, according to its IPO prospectus, but also disclosed nearly $900 billion in compute and infrastructure commitments ahead of its debut.

The video examines Anthropic's trajectory from research lab to enterprise-focused AI player, its competitive dynamic with OpenAI, and tensions with the Pentagon over AI deployment. The prospectus also outlined more than 90 pages of potential risks investors should weigh before the public offering.