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Goldman Sees Anthropic Revenue Hitting $685 Billion by 2030

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Goldman Sees Anthropic Revenue Hitting $685 Billion by 2030

Analysts for Goldman Sachs are reportedly projecting Anthropic’s revenue will reach $685 billion by 2030.

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That’s according to a report Tuesday (Nov. 10) from Bloomberg News, which said this figure strengthens the case for a $1.4 trillion valuation target in the artificial intelligence (AI) startup’s initial public offering (IPO).

Anthropic is expected to deliver nearly 150 times the $4.59 billion in sales it had last year, the report added, citing a source familiar with the matter. Goldman researchers forecast that Anthropic’s sales from enterprise customers will come to $586 billion annually by 2030, with non-enterprise revenue coming to about $100 billion for the year, the source added.

Anthropic said its offering aims to raise $90.4 billion, including a $26 billion private placement. Bloomberg said its calculations place the value of the IPO at $1.4 trillion.

The report argueds that the estimates are indicative of the “transformative power” many believe AI power will have on professional activity, and how much of it Anthropic could replace. Bloomberg said this view goes beyond things like Claude Code to future business lines including drug discovery and automating manufacturing.

Goldman’s researchers said they expect Anthropic to take until the end of the decade to generate positive free cash flow on an annual basis due to the company’s steep spending. The bank projected Anthropic’s compute infrastructure spending would climb more ten-fold through 2030, though profit would increase in a similar fashion, the source told Bloomberg.


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