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Anthropic faces AI spending backlash before IPO
4 items●2 sources●updated 12d ago●trend 0
Anthropic is preparing for an IPO while facing industry skepticism about AI spending returns and profitability. The company reported annualized revenue of $47 billion in May 2026, up from $9 billion at end of 2025, but major customers like Uber are capping AI tool usage to control costs.
- Anthropic annualized revenue reached $47 billion in May 2026, up from ~$9 billion at end of 2025
- Uber capping usage of AI tools including Claude Code to reduce spending
- CEO Daniela Amodei addressing investor concerns about AI returns ahead of IPO
- Industry facing broader questions about AI spending sustainability and ROI