Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter from a little-known research laboratory to one of the leading AI companies valued at $965 billion.
Anthropic said Monday it has submitted a confidential filing with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.
鈥淭his gives us the option to go public after the SEC completes its review,鈥� Anthropic said in a brief statement. 鈥淭he proposed initial public offering will depend on market conditions and other factors.鈥�
The company said it hasn’t decided on the number or price of shares to be offered.
Anthropic said last week it had raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world鈥檚 most valuable startups.
The announcement vaulted Anthropic ahead of its chief rival, ChatGPT maker , both in market value and in reported revenue. Anthropic said it鈥檚 now making annualized revenue of $47 billion from selling its technology to people and organizations using and do other work and personal tasks on their behalf.
Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk鈥檚 rocket and AI company , are all expected to become publicly traded. All three are also still losing more money than they make, fueling concerns of an AI bubble.
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