Anthropic files for IPO as AI startup prepares US stock market debut

Anthropic, an AI startup founded by Dario Amodei, has filed for an IPO in the US. The company, which developed the AI tool Claude and raised funding valued at over $965 billion, is preparing for a historic stock market debut later this year. While the company did not disclose specific details about the IPO, it mentioned that the offering would depend on market conditions. Anthropic, which focuses on AI tools for coding and enterprise customers, faces competition from OpenAI and Google in the AI market. Anthropic said on Tuesday it has plans to go public in the US. The high-profile AI lab has filed its IPO prospectus with the US Securities and Exchange Commission, taking a major step toward becoming a publicly traded company. The listing could bring investors on Wall Street an once-in-a-lifetime opportunity to make money by backing one of the leading AI startups in the world. In a statement, Anthropic said the filing “gives us the option to go public” following a review of its paperwork by the US Securities and Exchange Commission. The company did not disclose the timing or size of a potential IPO, saying that any offering would “depend on market conditions and other factors.” However, the IPO is expected to take place later this year. An Initial Public Offering (IPO) is the process through which a company goes public and makes its shares available to retail investors. When a company is ready to go public, it hires an investment bank or, in some cases, several banks, to underwrite its IPO. This year, alongside Anthropic, two other companies are preparing to go public: Elon Musk’s SpaceX and Sam Altman’s OpenAI, which helped spark the AI boom in 2022 with the launch of ChatGPT. Anthropic, founded five years ago by chief executive Dario Amodei and a group of former AI executives and researchers, recently raised funding from private investors that valued the company at more than $965 billion. The company has experienced explosive growth in recent years, driven largely by the popularity of its AI tools. The company’s Claude Code, an AI-powered coding tool that generates computer code from natural-language prompts, allowing people people with little or no programming experience to build their own applications and software, has been well-received in the industry. Earlier this year, Anthropic unveiled Claude Mythos Preview, an AI model with advanced cybersecurity capabilities. However, its relationship with the federal government has thawed since the model’s release. While Anthropic remains one of strong AI labs on the market, it has primarily focused on developing AI tools for coding and enterprise customers. By contrast, competitors such as Google and OpenAI now offer a wide array of AI products, ranging from image-generation tools to AI-powered web browsers. Even so, investor interest in Anthropic remains strong. However, Anthropic faces intense competition from a growing number of AI startups and major technology companies, many of which are investing billions of dollars in artificial intelligence and regularly acquiring smaller AI firms. Its primary rival remains OpenAI,