Anthropic is expected to spend more than $65 billion next year and another $41 billion in 2028, according to Goldman Sachs stock analysts’ private forecasts shared with investors this week, the New York Times reported.
The spending projections would represent some of the most aggressive corporate investment in AI infrastructure development. Goldman Sachs is the investment bank leading Anthropic’s initial public offering.
Anthropic’s chief financial officer Krishna Rao said in a marketing video for the IPO that “we are in aggressive investment mode,” though he did not discuss specific spending forecasts, according to the Times.
The anticipated spending levels contrast with Anthropic’s recent financial performance. The company’s IPO prospectus shows it generated cash from its business in the first nine months of this year and has barely spent the $141 billion it raised privately from investors, the Times reported.
Anthropic’s Nasdaq listing is expected next Thursday and could value the company at $1.4 trillion, the Times reported. The IPO would deliver Anthropic an additional $100 billion to spend. The company’s prospectus said it anticipated about $40 billion of expenses in the coming years tied to employee stock compensation and other costs that would emerge after going public, according to the Times.