The company said it has not yet decided on the number or price of the shares to be issued.
WASHINGTON — Artificial intelligence company Anthropic is moving toward going public wall streetIt’s the latest chapter in its meteoric rise from a little-known research lab to one of the leading artificial intelligence companies valued at $965 billion.
Anthropic said Monday it has filed a confidential filing with the U.S. Securities and Exchange Commission regarding a proposed initial public offering of common stock.
“This gives us the option to go public upon completion of the SEC’s review,” Anthropic said in a brief statement. “The proposed IPO will depend on market conditions and other factors.”
The company said it has not yet decided on the number or price of the shares to be issued.
Anthropic said last week it had raised $65 billion in private funding, which would give it a valuation of $965 billion, a staggering figure that makes the five-year-old maker of the Claude chatbot one of the most valuable startups in the world.
Anthropic has now surpassed its main rival ChatGPT maker open artificial intelligencenot only in terms of market capitalization and reported revenue, but also on the road to becoming a public company.
“I think we all expected OpenAI to be first, so this is a little surprising,” said Patrick Corrigan, a law professor at the University of Notre Dame who studies IPOs. “Public investors will be comparing them around the same time, so there seems to be some first-mover advantage here.”
Anthropic said it currently has $47 billion in annual revenue from selling its technology to individuals and organizations that use it Claude writes code and complete other work and personal tasks on their behalf.
Anthropic was founded in 2021 by former OpenAI leaders, now two artificial intelligence companies, and Elon Musk’s rocket and artificial intelligence companies space exploration technology corp.both are expected to be publicly traded. All three have seen losses outpace profits, raising concerns about an AI bubble.
Wedbush Securities analyst Dan Ives said Anthropic’s move marks an important step ahead of OpenAI and “opens the door for the IPO market, which has been relatively dormant for a few years, to see these three conglomerates go public later this year.”
Corrigan said the competition between Anthropic, OpenAI and SpaceX is in some ways similar to the rush to go public by startups in the early internet era. Some of these companies, like Amazon, performed brilliantly, while others failed miserably during the dot-com bust, but still left behind new technologies that transformed society and working life.
“Wherever there’s speculation, there’s usually substance and fundamentals,” Corrigan said. “The question here is whether the price investors end up paying matches the substance and fundamentals of what AI is really going to do in the real economy and business.”
Although OpenAI took the lead early, making ChatGPT a household name and sparking a boom in commercial artificial intelligence, Claude’s growing popularity has forced OpenAI to catch up. Anthropic also launched its latest AI model last week, called Claude Opus 4.8, and claims it’s better than previous models at coding and other professional tasks.
OpenAI last reported in March that it was on track to be valued at $852 billion following a $122 billion funding round. The company has not yet reported filing initial IPO documents with the Securities and Exchange Commission.
SpaceX was valued at $800 billion last year, but that grew to $1.25 trillion after the space exploration company merged with Musk’s xAI in February. Musk recently announced one of the largest stock sales ever and will pitch the product to investors as soon as this week.
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