Goldman Sachs forecasts Anthropic revenue above $600bn by 2030

In short: Goldman Sachs is telling potential investors that Anthropic could make more than $600bn in revenue by 2030.

What happened

Goldman Sachs, a Wall Street bank, has shared forecasts that Anthropic’s revenue could rise rapidly over the rest of the decade. Anthropic is an AI company best known for its chatbot Claude.

According to the forecasts reported by the Financial Times, Goldman expects Anthropic’s revenue to reach about $52bn this year. The bank projects $136bn in 2027 and $442bn in 2029, then more than $600bn by 2030. Anthropic reported $4.6bn in revenue in 2025.

These projections were discussed with a potential investor as Anthropic starts an initial public offering roadshow. An IPO, short for initial public offering, is when a private company sells shares to the public for the first time (like putting part of the company up for sale on a stock market). The Financial Times reports the IPO could raise as much as $64bn and, at the top end of the proposed price range, value Anthropic at about $1.4tn.

Goldman also predicts Anthropic will not become free cash flow positive until 2030. Free cash flow is the cash a business has left after paying its bills and investments (like money left after rent and groceries). Filings show Anthropic has committed to spend about $900bn on computing capacity in coming years.

Why it matters

These numbers, if they happened, would put Anthropic among the world’s biggest companies by sales. They also show the gap between bringing in a lot of revenue and actually keeping cash, because building and running large AI systems can cost vast sums.

Source: Financial Times