Goldman Sachs projects Anthropic to reach positive free cash flow in 2030 at $33.6B

The projection frames Anthropic's path to self-funding as a long one, with cash burn persisting through most of the decade before a single-year inflection. For a company at the center of enterprise AI demand, that timeline suggests scale alone may not resolve the cost structure, and it puts a spotlight on how much capital partners and backers are willing to commit in the interim. Whether the 2030 turn arrives on schedule, and what it implies for funding terms before then, is the open question.