The Anthropic investor has touted a $2 trillion IPO valuation, with some even speculating it could reach $3 trillion.

According to Dynamic Insight Beating Monitor, some existing investors of Anthropic have already started to bet on the company, with the valuation expected to exceed $2 trillion by the fastest listing in October. Six investors interviewed by FT believe that the high demand and rapid revenue growth of Claude are enough to double Anthropic's valuation from $965 billion in May.

Their primary focus is on revenue growth rate. Anthropic announced in May that its annualized revenue has exceeded $47 billion, and these investors expect it to reach $100 billion to $120 billion by the end of the year. One of them even estimated based on a 30x revenue multiple, believing that Anthropic could be worth $3 trillion.

However, these numbers are all forecasts made by the investors themselves. Several investors mentioned that the Anthropic executives have not even privately set an IPO valuation target yet.

Key risks still include competition from the Chinese low-cost model, conflicts with the U.S. government, and companies beginning to control AI expenses.