Anthropic delays IPO amid AI competition, safety concerns

Anthropic, the AI lab led by CEO Dario Amodei, is delaying its initial public offering (IPO) to postpone until after the November U.S. midterm elections, shifting from an earlier marketing push in mid-October. The company is also weighing the release of a new artificial intelligence model, as it faces intensified competition from OpenAI and grapples with investor concerns over safety and profitability amid higher interest rates. By the end of July 2026, Anthropic’s annualized revenue run rate had surpassed $65 billion, up from about $9 billion at the end of 2025, while OpenAI’s run rate had already reached $40 billion. Anthropic projects revenue of roughly $190 billion to $200 billion by 2028, though its growth trajectory remains under pressure from OpenAI’s aggressive expansion and the broader AI market’s shifting dynamics.