Synopsis
AI leader Anthropic has confidentially filed for a US initial public offering. This move signals a significant event for the booming AI sector on Wall Street. The company's filing sets the stage for a crucial test of investor enthusiasm for AI. This comes as rival OpenAI also prepares for a similar listing. The AI revolution continues to reshape industries globally.Listen to this article in summarized format
The move sets up a high-stakes test of whether investor appetite for the AI revolution that has reshaped white-collar work around the world can match the sky-high expectations surrounding the booming sector.
Anthropic did not disclose the size or terms of the offering. It last raised $65 billion at a post-money valuation of $965 billion in late May, putting it ahead of rival OpenAI.
The crucial step toward a listing comes on the heels of SpaceX's mega-IPO, which is on course to rewrite the record books as the Elon Musk-led company pursues a $75 billion offering at a $1.75 trillion valuation.
Rival OpenAI and Anthropic have become the face of the AI boom that has redrawn corporate strategies, sparked a global arms race for computing power and talent, and turned AI-linked companies into some of the market's most richly valued firms.
Anthropic's valuation has more than doubled from $380 billion in February, when it had raised $30 billion in a funding round.
OpenAI is also preparing to confidentially file for a US IPO in the coming weeks, a source familiar with the matter told Reuters in late May, adding to a wave of blockbuster listings anticipated in the year ahead.
