Anthropic估值计算方式：2025年亏损的-50倍

公司收入在2025年增长了12倍，达到近46亿美元，但运营亏损超过80亿美元。文件首次详细披露了Anthropic过去一年的快速增长情况。

Anthropic’s proposed valuation is easily calculated, as -50 times 2025 losses. The more they lose, the more they win! zerohedge @zerohedge Anthropic IPO prospectus leaked to Reuters Anthropic reported a net loss of $42 billion in 2025, ‌and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming year, according to the prospectus. The prospectus details how the company has grown sharply in the last year — while also posting wider losses. Revenue grew 12-fold in 2025 to nearly $4.6 billion, even as the company lost more than $8 billion on an operating basis, excluding writedowns of various liabilities mostly tied to previous fundraising, according to the documents, reported here for the first time. reuters.com/business/finan… 🔗 View Quoted Tweet📊 5 ⚡

本条情报归属 AITOP「行业」核心栏目，重点聚焦北美前沿实验室与硅谷科技巨头。在跨区域产业观察坐标中，该动态直接关联「中美大模型技术代差与商业化对照」研究主线，反映出当前技术演进与商业落地的最新风向。涉及核心实体与技术议题包括：Anthropic、IPO、亏损、估值，读者可通过下方标签进入对应专题页查阅历史脉络与关联对比。

信源核验说明：本文原始线索采编自「Gary Marcus」（@GaryMarcus），经 AITOP 多维评分管线结构化提炼。截至目前，全网已有 11 家独立信源对该事件进行交叉印证与跟进报道（含 rohanpaul_ai、kimmonismus、Decoder 等），属于近期高关注度行业信号。