Anthropic investors expect the AI startup to float at a valuation of $2 trillion or more after an October initial public offering, the Financial Times reports, according to a Techmeme summary. The same report says those investors expect Anthropic to reach $100 billion to $120 billion in annualized revenue by the end of 2026. The provided material frames both figures as investor expectations based on sources, not as a confirmed announcement from Anthropic. The numbers, if the expectations prove accurate, would put Anthropic’s public-market ambitions in an unusually large range for a still-private AI company. But the evidence in this cluster is narrow: one reputable aggregation item points to the Financial Times report, and no second source independently corroborates the valuation, revenue target, or timing. Who benefits: Anthropic investors would benefit if public-market demand supports the reported valuation expectations. The company would also gain a large public-market benchmark if the IPO occurs on the timeline described. Who's exposed: Public-market investors would be exposed to the gap between reported investor expectations and Anthropic’s eventual disclosed financials. Any private holders relying on those expectations also face timing and valuation risk.