Anthropic at $2.9trn isn't far-fetched - AFR

John Foley Sep 28, 2026 – 4.03pm In the long, rich history of capital markets, investors have been asked to guess the value of some pretty weird stuff. Deep-sea mining, quantum computers, Martian colonies, breeders of lab monkeys – all have found homes and share prices on public stock exchanges. Now there’s a new challenge: valuing the big AI labs, with their unique potential to change the world or destroy it. One of these is Anthropic, the AI outfit co-founded by Dario Amodei. The maker of the Claude chatbot was this month poised to file for an initial public offering that could value it at $US2 trillion ($2.85 trillion). Until, that is, fears of an AI apocalypse crashed their way into the mainstream. OpenAI, Anthropic’s chief rival, has also been planning an IPO, though founder Sam Altman has now pressed pause on that until next year, saying floating earlier would be “ill-advised”. Loading... Financial Times Save Log in or Subscribe to save article Share Copy link Copied Email LinkedIn Twitter Facebook Copy link Copied Share via... Gift this article Subscribe to gift this article Gift articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Login Read More AI IPO Investing Anthropic Fetching latest articles