Anthropic is moving one big step closer to Wall Street. The artificial-intelligence company behind the Claude chatbot announced Monday that it has confidentially submitted paperwork for an initial public offering, with an eye toward a possible debut as soon as this fall, the Wall Street Journal reports. The filing "gives us the option to go public after the SEC completes its review, but the timing "will depend on market conditions and other factors," the company said in a blog post.
The filing lands in the middle of a crowded AI and tech IPO pipeline: Rocket, satellite, and AI company SpaceX is gearing up for what could be the biggest listing ever, and rival OpenAI is said to be close to filing its own IPO. Bankers have told Anthropic and OpenAI that whoever lists first could help set the terms for the emerging AI sector and tap into massive investor demand, the Journal reports. Founded in 2021 by former OpenAI staffers, Anthropic has rapidly shifted from upstart to heavyweight on the back of products like its Claude Code tool.
Last week, the company announced a multibillion-dollar funding round that valued Anthropic at more than $900 billion, making it the most valuable AI startup, though key financial details won't be public until the company's prospectus is released. The AP notes that Anthropic, OpenAI, and SpaceX have something in common besides IPO preparations: All three companies are losing money, raising fears of an AI bubble.
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