Anthropic sees a market opportunity of more than $30 trillion ahead of its IPO
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Anthropic is reportedly preparing for an IPO by presenting a total addressable market (TAM) of more than $30 trillion, based on all work AI models could potentially take over. This figure exceeds SpaceX's claimed $28.5 trillion TAM, which SpaceX had called the largest actionable TAM in history. Skeptics point out that the combined revenue of 191 tech firms in the S&P 1500 was only $2.4 trillion last year, highlighting how large Anthropic's claimed market figure is. The company doubled its revenue in the second quarter to $11.6 billion and projects revenue of roughly $190 billion to $200 billion by 2028. Anthropic is reportedly seeking a valuation of about $2 trillion and aims to raise up to $100 billion. Its IPO could take place in September or October, according to the Wall Street Journal. The article frames the massive TAM as a way to sell investors on Anthropic's growth potential, while noting doubts raised by comparisons to existing market revenues.
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