Anthropic启动IPO路演，目标估值1.4万亿美元
Anthropic eyes $1.4 trillion IPO valuation
Anthropic作为首个拟上市的前沿AI实验室，其1.4万亿估值预期及独特的风险披露机制将重塑科技股定价逻辑，值得密切关注其后续发行细节与市场反应。
And tonight in the future of everything, we're getting a bit of deja vu. Earlier this year, we saw SpaceX launch as the biggest IPO in history, right? But soon they might be overtaken by the first major Frontier AI lab to go public. You guessed it, we're talking Anthropic. They just launched their marketing campaign for their proposed IPO eyeing a $1.4 trillion valuation. They could raise up to hundred billion dollars, which would be more than SpaceX.
在今晚关于万物未来的讨论中，我们感到有些似曾相识。今年早些时候，我们看到 SpaceX 作为历史上最大的 IPO（首次公开募股）上市，对吧？但很快，它可能会被首家上市的顶级前沿 AI 实验室超越。你猜对了，我们说的是 Anthropic。他们刚刚为其拟议的 IPO 启动了营销活动，目标估值达 1.4 万亿美元。他们最多可筹集上千亿美元，这将超过 SpaceX。
And if we take a step back here, let's remember the high-risk, highreward of the entire AI boom. When Anthropic released its IPO filing, this is something we've never seen before. They said that no insurance, not even the in the aggregate could ever possibly cover all of the risk of AI potentially going bad. Plus, their beef with the Pentagon that was never resolved. In September, a federal appeals court upheld the Pentagon's designation of Anthropic as a national security supply chain risk.
如果我们退一步看，请记住整个 AI 热潮的高风险、高回报特性。当 Anthropic 发布其 IPO 文件时，这是我们从未见过的情况。他们表示，没有任何保险，甚至总体上的保险，都可能无法覆盖 AI 潜在失控的所有风险。此外，他们与五角大楼的争端也从未得到解决。9 月，一家联邦上诉法院维持了五角大楼将 Anthropic 指定为国家安全供应链风险的认定。
Anthropic says it's looking to appeal. And even though a government contracts are historically a very small part of its revenue, their supply chain risk label is more about perception than money. Also, in business, sometimes perception, as you know, is everything. Let's bring in NBC's Ally Canal. AI's growth is at an all-time high, but arguably trust in AI right now. Kind of at a low, especially, I don't know, in recent news of the Nvidia CEO having an affair with a Chinese spy.
Anthropic 表示正寻求上诉。尽管政府合同历来只占其收入的一小部分，但其“供应链风险”标签更多关乎感知而非金钱。同样，在商业中，正如你所知，有时感知就是一切。让我们连线 NBC 的 Ally Canal。AI 的增长正处于历史高位，但可以说，目前人们对 AI 的信任度却处于低位，尤其是最近有关于英伟达 CEO 与中国间谍有染的新闻。
Like, how is Anthropic going to market themselves on this road show here?
比如，Anthropic 将如何在这次路演中向市场推销自己？
Yeah, really tough time for any AI company to be going public right now. But what's interesting with anthropic is it's really trying to position itself as the responsible AI player. And that's really been its identity from the very beginning here. This idea that AI has enormous potential, but also enormous risks if it ends up in the wrong hands. Here's more of what CEO Dario Amade had to say in that IPO road show video.
是的，对于任何 AI 公司来说，现在上市都是一个非常艰难的时期。但 Anthropic 有趣之处在于，它正努力将自己定位为负责任的 AI 参与者。这从一开始就是它的身份标识。这种观点认为，AI 具有巨大的潜力，但如果落入错误的人手中，也会带来巨大的风险。以下是 CEO Dario Amodei 在那段 IPO 路演视频中说的更多内容。
If humans can use AI to cure cancer, an evil human can use AI to make a boweapon or do a cyber attack. We cannot succeed if we don't address these risks. and and we are absolutely determined to get this right because this is why I and this is why many people who work at Anthropic, this is why we work on this technology.
如果人类可以利用 AI 治愈癌症，那么邪恶的人类也可以利用 AI 制造生物武器或发动网络攻击。如果我们不解决这些风险，我们就无法成功。我们绝对决心要把这件事做好，因为这就是我以及许多在 Anthropic 工作的人，我们从事这项技术的原因所在。
So Anthropic isn't just trying to convince investors that AI can make a lot of money. They're trying to convince investors that they can do so in a responsible way because as you say, Gotti, there's a lot of distrust in the AI trade overall right now.
所以 Anthropic 不仅仅是在试图说服投资者人工智能可以赚取巨额利润。他们还在试图说服投资者，他们能够以负责任的方式实现这一点，因为正如你所说，Gotti，目前整个 AI 行业普遍存在不信任感。
Yeah. And some people are saying that this is like the defining test of the AI boom. Is that overstating it?
是的。而且有些人认为这是 AI 热潮的决定性考验。这样说是否言过其实了？
I don't think so. I think this is the first time we're seeing a major frontier AI lab like Anthropic go public. It's going to set the precedent for a lot of other big tech and AI names. Of course, we're in unchartered territory right now. When it comes to the investor appetite for something like this, we did have the SpaceX IP IPO debut back in June, and SpaceX
我不这么认为。我认为这是我们首次看到像 Anthropic 这样的大型前沿 AI 实验室上市。这将为许多其他大型科技和 AI 公司树立先例。当然，我们现在正处于未探索过的领域。就投资者对此类事物的胃口而言，我们确实在六月见证了 SpaceX IPO 的首次亮相，而 SpaceX
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