Anthropic continues to close major deals as it reportedly moves toward an IPO, possibly coming as soon as Q1 (although Sasha de Marigny, the company’s chief communications officer, said there are no immediate plans to go public). The Amazon-funded AI startup’s latest contract provides its Claude models to cloud software firm Snowflake in a $200 million multiyear deal. Snowflake’s AI agents will use Claude to help businesses handle complex data analysis. As for the IPO, Financial Times reports Anthropic is working with Wilson Sonsini Goodrich & Rosati — a law firm whose CV includes IPOs for Google, LinkedIn and Lyft — and may be in a race with OpenAI to see who can be first to offer its shares publicly.

Financial Times says Anthropic “will end the year with around $10 billion in annualized revenue and is growing fast.”

Adding to the cash flow are deals like the one it just cut with Snowflake, which Anthropic says will make its Claude models “available in the Snowflake platform to more than 12,600 global customers across Amazon Bedrock, Google Cloud Vertex AI, and Microsoft Azure.”

The Wall Street Journal observes that the Snowflake deal “establishes a joint go-to-market initiative that aims to deploy AI agents across the world’s largest enterprises.”

The agreement expands on an existing relationship wherein “thousands of Snowflake customers are already processing trillions of Claude tokens per month through Snowflake Cortex AI,” according to the Snowflake announcement.

“Claude Sonnet 4.5 will power Snowflake Intelligence, the cloud company’s enterprise AI service,” writes TechCrunch, adding that Claude Opus 4.5 will be used “to run multimodal data analysis.” Customers will also be able to build custom agents using the Claude models.

In October Anthropic announced a Deloitte deal providing model access to the professional services firm’s more than 470,000 employees.

OpenAI has called “a code red,” suggests The New York Times tech podcast “Hard Fork,” noting that “the latest frontier models from Google and Anthropic have OpenAI spooked.” Google’s Gemini 3 and Anthropic’s Claude Opus 4.5 were both released last month.

Anthropic CEO Dario Amodei left OpenAI in 2020, co-founding his current firm a year later. He has since gone on to become “the sharpest thorn in [OpenAI CEO Sam] Altman’s side,” according to Financial Times, which says his work “is underpinned by two convictions … that he is more capable of building all-powerful AI than [Altman] and two, that the world would be safer if he does.”

CNBC reports Anthropic was valued at $350 billion in October “after receiving investments of up to $5 billion from Microsoft and $10 billion from Nvidia,” laying the groundwork for “one of the largest IPOs ever.”

OpenAI was valued at $500 billion as of October, and has been no slouch in the dealmaking department, building data centers and pushing further into AI shopping.

Related:
Anthropic Has No Immediate Plans to Go Public, Comms Chief Says, Axios, 12/4/25
Anthropic and IBM Want to Push More AI into Enterprise Software, TechRadar, 10/8/25