**[Anthropic IPO Could Be a Key Test for the AI Boom, $2 Trillion Valuation Faces Profitability Scrutiny]** BlockBeats News, August 15: According to Forbes columnist Jim Osman, Anthropic's potential IPO could become a critical juncture for testing the investment logic of the AI boom. The company's annualized revenue run rate has risen from $14 billion in February to over $47 billion in May, with its latest private valuation climbing from $380 billion in February to $965 billion. The market is even speculating that its IPO valuation could exceed $2 trillion, though the company has yet to announce an offering price or final listing date. Osman noted that while Anthropic's growth rate is remarkable, it also suggests that much of its future success may already be priced into its valuation. The company secretly filed for an IPO on June 1 and, while preparing for the listing, still needs to invest significant capital to maintain its competitive edge in cutting-edge models. In May, Anthropic raised $6.5 billion, part of which was allocated to expanding computing power. The company has reached an agreement with Amazon for up to 5GW of additional computing capacity and has also partnered with Google and Broadcom for another 5GW of next-generation TPU computing power, while also gaining access to SpaceX's GPU capacity. The report further states that Anthropic has committed to investing over $100 billion in Amazon's cloud services over the next decade. Osman believes that investors need to focus not only on whether AI technology continues to grow but also on how future profits will ultimately be distributed among model developers, chip manufacturers, cloud service providers, data centers, and software companies. For Anthropic, the key lies in how much of its revenue can eventually be converted into cash, how much capital needs to be reinvested to maintain technological leadership, and whether it can retain pricing power and long-term returns amid intensifying competition. [Original Link]