#Gate直通IPO第三期Anthropic

When using Claude Fable 5.2 for a long-term research project spanning more than ten documents, it can maintain a coherent line of reasoning across a 1M context window and produce a finished draft directly with 128K output, without needing to be repeatedly “fed” background information along the way. Its adaptive thinking mode also eliminates the hassle of manual tuning. The stability of this kind of long-running agent work is the dividing line between turning AI from a “chat tool” into a “productivity system.”

Anthropic’s fundamentals also support this view: at the end of October, its annualized revenue run rate was about $81 billion, with monthly growth of about $10 billion, an 85% gross margin, and positive free cash flow. Google, NVIDIA, Microsoft, AMD, and others have agreed to collectively subscribe for $26 billion in Class N shares in a private placement at the final IPO price, with NVIDIA and Google each investing $10 billion. Underwriters are reportedly considering raising the offering price to above $78 amid strong demand, potentially pushing its valuation from $1.41 trillion to at least $1.5 trillion.

With this Gate offering, you can participate starting at 100 USDT, at a reference price of $70–$78 per share. Unallocated funds will be returned, and there’s a 10% annualized subsidy if you receive no allocation. I haven’t posted a screenshot of my subscription, but I’m willing to vote with real money at this price—the product moat Claude has built in long-horizon tasks is what I’m bullish on, not short-term sentiment. Getting lucky with an IPO allocation comes down to chance, but the long-term risk-reward of AI infrastructure is worth taking seriously.