Source The New York Times · Published · Open the original ↗
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Wall Street Braces for Anthropic’s Spending
The company’s financial picture may get murky as it deals with employee stock compensation and the growing costs of artificial intelligence.
Dario Amodei, Anthropic’s chief executive, introduced his artificial intelligence company to potential stock market investors this week with a sublime vision. He predicted the end of cancer and mental illness within a decade, and a transformation of cognitive work. “If we do this right, we can create an age of miracles,” he said in a marketing video for Anthropic’s initial public offering.
Stock analysts at Goldman Sachs, the investment bank leading Anthropic’s I.P.O., have told investors privately this week that they forecast the company will burn through more than $65 billion next year, and another $41 billion in 2028, said two people familiar with those discussions. Those totals would make Anthropic’s spending among the most aggressive corporate bets on funding the giant A.I. infrastructure build-out.
“We are in aggressive investment mode,” Krishna Rao, Anthropic’s chief financial officer, said in the video, without discussing specific spending forecasts.
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