Anthropic could be worth $2 trillion when it goes public

Anthropic is on track for a massive IPO that could value the company at $2 trillion, building on its rise to a $965 billion valuation after nearly $100 billion in investor funding this year. The AI startup has outpaced rivals with stronger models and $47 billion in annualized revenue, but faces real challenges, including export controls, a federal lawsuit, and growing customer resistance to its premium pricing.