Anthropic’s bankers have told potential investors that the AI start-up could raise more than $100 billion in an initial public offering that could value the company at $2 trillion, according to a New York Times report summarized by Techmeme. The report describes the comments as part of recent discussions with potential investors. It does not report that Anthropic has filed for an IPO, set terms, or committed to a listing timeline. The material claim is therefore about banker positioning, not a completed financing. The figures being discussed are unusually large on their face: more than $100 billion of IPO proceeds and a possible $2 trillion valuation for a five-year-old AI company. For now, the story should be read as an indicator of how Anthropic’s advisers are framing potential public-market demand, rather than as a confirmed transaction. The provided report does not include the exchange, timing, share structure, investor commitments, or any formal company statement. Who benefits: Anthropic and its existing backers would benefit if investor demand supports the valuation range reportedly discussed. Bankers advising the company would also benefit from a larger offering if it moves forward. Who's exposed: Prospective IPO investors are exposed to valuation risk if expectations outrun the company’s public financial disclosures. Competing AI companies could also face tougher comparison points if markets treat the reported figures as a benchmark.