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Business Model

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Anthropic headquarters inspired illustration with Anthropic branding, AI network, IPO growth chart and San Francisco skyline

Anthropic, PBC is the company behind Claude, an artificial-intelligence model family and software platform sold to individuals, developers and enterprises. Its October 2026 Form S-1 makes it possible to evaluate the business using disclosed revenue, cost, customer and financing data rather than private-market estimates. The model combines consumption-based pricing, subscriptions, research investment and expensive computing infrastructure.