India, Sept. 29 -- Anthropic is preparing for a huge IPO that could value the AI company at more than $2 trillion. The planned public offering would be one of the biggest tests yet of how investors value leading AI companies.

The company is making a massive bet on artificial intelligence. Anthropic believes AI could change the global economy more deeply than major developments such as industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But that huge AI vision is coming with massive costs. Anthropic reported a $42 billion net loss in 2025.

Anthropic also expects to take on enormous future spending commitments. The company plans to spend about $518 billion on cloud, computing and infrastructur...