Anthropic Targets November IPO as Revenue Hits $100B

Anthropic has moved its IPO to November after its annualized revenue run rate crossed $100 billion, a tenfold increase in one year, even as CEO Dario Amodei called for the AI industry to slow capability development. The revenue surge is driven by Claude Code, an autonomous coding agent that captured 34.4 percent of enterprise AI spending, surpassing OpenAI. The company's alignment science lead, Evan Hubinger, publicly stated Anthropic "does not yet have a plan to solve alignment for superintelligence," while Amodei's pacing essay drew both support and accusations of regulatory capture. Anthropic's Public Benefit Corporation structure legally permits its board to prioritize safety over shareholder returns, a governance arrangement investors will face at a projected $2 trillion valuation. The S-1 must disclose unresolved legal matters, including a Pentagon investigation into Claude's role in a strike that killed over 170 people.