Anthropic Files for an IPO That Could Shatter Records

Anthropic is trying to convince Wall Street that the AI rocket still has fuel, filing papers Monday for a blockbuster IPO next month that would cut in front of OpenAI and look to eclipse SpaceX's eye-watering stock-market debut. In a filing ahead of a public offering that could raise more than $100 billion and value the company at up to $2 trillion, the Claude chatbot maker reported first-half revenue of $16.3 billion, reports the New York Times—14 times what it brought in a year earlier. That growth comes with massive losses that underscore the company's inability to turn a profit: $80.7 billion in the same period, up from $13 billion.

CEO Dario Amodei and six co-founders called AI "one of the most consequential technologies in human history" and pledged to chase its benefits while managing its risks. The AP notes that the offering would set Anthropic up as one of the world's most valuable companies, and potentially pour billions into Amodei's pockets. Anthropic already tops rival OpenAI's private valuation, but its timing is tricky: some companies are delaying IPOs, and investors are asking how long the AI spending surge can last.