BREAKINGVIEWS — Anthropic’s $2 trln goal is AI’s biggest moonshot

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Karen Kwok NEW YORK, Sept 29 (Reuters Breakingviews) — The Claude maker posted big growth and a 40% gross margin last year, but also an $8 bln operating loss. Its 2026 figures will groan further under huge spending promises to feed demand. Even next to recently launched frenemy SpaceX, CEO Dario Amodei’s valuation target looks steep. Full view will be published shortly. Follow Karen Kwok on LinkedIn and X. Context News Artificial intelligence lab Anthropic's revenue grew 12-fold in 2025 to nearly $4.6 billion, even as the company lost more than $8 billion on an operating basis, according to details of an IPO prospectus Anthropic reported a net loss of $42 billion ‌in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in the coming years, according to the documents. (Editing by Jonathan Guilford; Production by Pranav Kiran) ((For previous columns by the author, Reuters customers can click on KWOK/ karen.kwok@thomsonreuters.com)