Anthropic needs to bring in Amazon-style earnings to justify its $2 trillion valuation—but it’s barely turned a profit

Anthropic's backers anticipate a potential IPO with a valuation of $2 trillion or higher, though this figure greatly exceeds its current profitability. Despite high valuation expectations, Anthropic is not yet making money, meaning that achieving solid net income—rather than just operating profit—will be critical for public investors to deem the massive valuation palatable.