Anthropic Files Pre-IPO Paperwork as AI Spending Backlash Grows, Despite Record Revenue and First Profitable Quarter

Anthropic files pre-IPO paperwork as it hits its first profitable quarter and nearly $50 billion in projected annual revenue, even as a growing corporate backlash over AI costs looms — with 40% of companies reporting AI savings below 10% and one CFO spending half a billion dollars on Claude in a single month.

• Anthropic files pre-IPO paperwork amid growing corporate backlash over AI spending costs, with a Bain survey of nearly 1,000 companies revealing 40% saw AI cost savings below 10% after investing in the technology.
• Enterprise customers, Anthropic's biggest revenue source, are waking up to how much they spend on Claude, with one CFO reportedly spending half a billion dollars on the model in a single month, raising concerns about businesses switching to cheaper or open-source alternatives.
• Despite the spending concerns, Anthropic is on track for nearly $50 billion in annual revenue, recently logged its first profitable quarter, and surpassed OpenAI in business customers for the first time in April, making it the fastest-growing company in modern American history.