IT News on November 10th: According to a report by the UK's Financial Times tonight (the 10th), Goldman Sachs, which acted as the lead investment bank for the Anthropic listing, has given an optimistic forecast for the future of Anthropic: Revenues are expected to exceed $600 billion by 2030 (Note from IT Home: This is approximately 4.01 trillion yuan at current exchange rates), which is more than 130 times that of 2025.
Goldman Sachs disclosed projections to a potential investor that Anthropic is expected to generate revenue of about $52 billion (approximately 347.702 billion yuan at current exchange rates) this year, which is expected to increase to $136 billion (about 909.375 billion yuan at current exchange rates) by 2027, reach $442 billion (about 2.96 trillion yuan at current exchange rates) by 2029, and further exceed $600 billion (about 4.01 trillion yuan at current exchange rates) by 2030.
In contrast, Anthropic's revenue in 2025 was only 4.6 billion US dollars (which is approximately 30.758 billion yuan at current exchange rates).
Anthropic, which has been established for only about 6 years, is experiencing astonishing growth. If Goldman Sachs' predictions come true, Anthropic will rank among the world's largest companies in terms of revenue.
However, Goldman Sachs expects that Anthropic will not achieve positive free cash flow until 2030, by which time it is expected to reach $33.6 billion (approximately 224.669 billion yuan at current exchange rates).
Although Anthropic achieved positive free cash flow in the first three quarters of this year, Goldman Sachs expects a net outflow of $12.8 billion (approximately 85.588 billion yuan at current exchange rates) in the fourth quarter of this year, and the net outflow is expected to reach $65.7 billion (approximately 439.309 billion yuan at current exchange rates) in 2027.
Calculated based on the upper limit of the proposed issuance price range, the valuation of Anthropic will reach 1.4 trillion US dollars (equivalent to approximately 9.36 trillion yuan at current exchange rates).
It is reported that Anthropic is expected to complete its listing before Thanksgiving in the United States. Goldman Sachs predicts that the operating loss of Anthropic will peak at $40.4 billion (approximately 270.138 billion yuan at current exchange rates) in 2027, and it is expected to turn profitable in 2029. By 2030, the operating profit is expected to reach $65.2 billion (approximately 435.965 billion yuan at current exchange rates).
If its revenue meets Goldman Sachs' expectations, Anthropic will join the ranks of companies with the highest global revenues. According to analysts surveyed by Visible Alpha, Amazon's revenue this year is expected to be around $830 billion (about 5.55 trillion yuan at current exchange rates), while NVIDIA's revenue in 2027 is projected to reach $700 billion (about 4.68 trillion yuan at current exchange rates).
