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Anthropic is reportedly considering an IPO that could value the AI company at as much as $2 trillion. The company's revenue grew more than tenfold in 2025, driven by demand for its AI models, but the costs of training and serving those models are climbing rapidly alongside revenue growth, raising questions about long-term profitability. The potential offering would be one of the largest tech IPOs on record and is being closely watched as a bellwether for investor appetite toward AI-focused companies amid concerns about the sustainability of current AI spending levels.