内容来源：https://techcrunch.com/2026/06/04/ahead-of-its-ipo-anthropics-daniela-amodei-shrugs-off-doubts-about-ais-returns/

内容总结：

AI初创公司Anthropic秘密提交IPO申请 估值逼近千亿美元

据科技媒体TechCrunch报道，人工智能模型开发商Anthropic已秘密向监管机构提交首次公开募股（IPO）申请，正式启动上市进程。这一动作背后，是私人投资者对该公司的狂热追捧——其最新一轮650亿美元融资获得了远超预期的认购，公司估值达9650亿美元。

在近日的彭博科技会议上，联合创始人达妮埃拉·阿莫迪（Daniela Amodei）解释了上市决策的考量：“训练模型和提供推理服务的前期成本极为高昂。”她表示，随着时间推移，推动技术前沿的核心企业将需要持续获取资本支持，而公开市场是理想的融资渠道。

这家AI明星企业正以惊人速度扩张：今年5月其年化收入就已突破470亿美元，较2025年底的约90亿美元飙升数倍。不过，这一增长势头面临潜在考验。优步（Uber）等企业近期指出，尽管AI能带来回报，但并非所有相关投入都产生预期效益，市场担忧企业可能收紧AI预算，从而拖慢行业增速。

对此，阿莫迪并不担忧。她认为，企业界在有效部署AI方面仍处于早期阶段。“编程、金融服务、法律、医疗等领域的效率提升和创意驱动用例，预计仍将是主要增长引擎。”她强调，随着企业对工具越来越熟悉，“AI将更深融入人类日常工作，释放出更大价值。”

当被问及为何不像竞争对手OpenAI及埃隆·马斯克的xAI那样自建数据中心时，阿莫迪表示，Anthropic始终奉行“为最佳结果规划，但不过度扩张”的策略。“准确预测算力需求非常困难，我们宁愿产品需求略高于供给，而不是相反。”据悉，该公司上月出人意料地与xAI达成算力合作，根据SpaceX提交的S-1文件，该协议每月费用高达12.5亿美元。

中文翻译：

私人投资者一直争先恐后地想从Anthropic分一杯羹，因为这家AI模型制造商正以令人目眩的速度增长。多位投资者向TechCrunch透露，该公司上周宣布的以9650亿美元估值进行的650亿美元融资，认购额度远超预期。如今，随着这种私人市场需求依然强劲，Anthropic透露其已秘密提交IPO申请，正在为公开上市做准备。

联合创始人丹妮拉·阿莫迪在周四的彭博科技会议上表示，这一决定归根结底是出于资本考量。"训练模型并为推理提供支持需要非常高昂的前期成本，"她说，"我的猜测是，随着时间的推移，那些致力于推动前沿技术发展的核心企业将需要获取资本，而我认为公开市场非常适合满足这一需求。"

Anthropic一直在飞速增长。该公司宣布，其年化收入在5月份已突破470亿美元，较2025年底约90亿美元的水平大幅跃升。不过，这一增长轨迹正面临真正的考验。像Uber这样的公司表示，尽管AI能够带来回报，但并非所有AI投入都已证明是富有成效的，这引发了企业可能开始收紧相关预算、进而减缓整个行业增长的可能性。

但阿莫迪对此并不担忧，她认为企业仍处于摸索如何有效部署AI的早期阶段。

"无论是编程、金融服务、法律还是医疗保健，我认为如今的应用案例将继续成为效率或创造力的主要驱动力，"她说。"但随着商业界对这些工具越来越熟悉，我们将共同学习。我希望随着时间的推移，AI能更多地融入人类日常工作的方式，届时将实现更多价值。"

阿莫迪还解释了为什么与竞争对手OpenAI和埃隆·马斯克的xAI不同，Anthropic没有自建数据中心来满足公司日益增长的计算需求。

"Anthropic一直以来的观点是，希望为最佳结果做规划，但不会过度扩张，以至于购买超出我们能够有效使用的计算能力，"她说。"完美预测这一点非常困难。我们宁愿让产品的需求略高于我们的供应能力，也不愿反过来。"

上个月，该公司与xAI在计算能力方面达成合作，令AI业界感到意外。这笔交易后来在SpaceX提交的S-1文件中披露，Anthropic每月需为此支付12.5亿美元。

英文来源：

Private investors have been falling over themselves to get a piece of Anthropic, given the AI model maker is growing at a dizzying pace. Multiple investors told TechCrunch that the company’s $65 billion fundraise at a $965 billion valuation, announced last week, was greatly oversubscribed. Now, with that private demand still strong, Anthropic has revealed that it’s taking steps toward a public listing by filing confidentially for an IPO.
Co-founder Daniela Amodei, speaking at the Bloomberg Tech conference on Thursday, said the decision comes down to capital. “It’s a really big upfront cost to train the models and to serve inference on them,” she said. “My guess is that over time, the sort of core set of companies that are working to advance the frontier are just going to need access to capital, and I think the public market is very well suited to that.”
Anthropic has been growing at a breakneck pace. The company announced that annualized revenue crossed $47 billion in May, up dramatically from roughly $9 billion at the end of 2025. That trajectory faces a real test, though. Companies such as Uber have said that while AI can deliver returns, not all of their AI spending has proven productive, raising the prospect that corporations could begin to rein in those budgets and slow growth across the sector.
That isn’t fazing Amodei, who believes businesses are still early in figuring out how to deploy AI effectively.
“The use cases today, I expect will continue to be the primary driver of efficiency or creativity, whether that’s coding, financial services, legal, [or] health care,” she said. “But as the business community gets more familiar with the tools, we’re all going to learn together. My hope is that over time it’ll be more incorporated into the day-to-day of how humans do our work, and there will actually be a lot more value realized.”
Amodei also addressed why, unlike rivals OpenAI and Elon Musk’s xAI, Anthropic isn’t building its own data centers to meet the company’s growing compute needs.
“Anthropic’s view has always been wanting to plan for the best outcome but not overextend ourselves such that we’re buying more compute than we could productively use,” she said. “It’s really hard to predict that perfectly. We would much prefer to be on the side of having a little bit more demand for the product than we’re able to serve than the inverse.”
Last month, the company surprised the AI industry by partnering with xAI for compute capacity, a deal later disclosed in SpaceX’s S-1 filing to cost Anthropic $1.25 billion per month.