A leaked January presentation from Coatue Management projects a valuation of nearly $2 trillion for Anthropic by 2030.

Coatue estimates the AI startup will generate $18 billion in revenue in 2026. The firm also forecasts a $14 billion EBITDA loss for that same year.

High training and operational costs delayed the company's cash-flow positive target to 2028. Amazon and Google back the artificial intelligence startup.