AI giant Anthropic plans US stock market listing

Artificial intelligence giant Anthropic is preparing to go public in the United States, signaling a significant step for the company behind the popular Claude chatbot.

Anthropic announced Monday that it has submitted confidential documents to the U.S. Securities and Exchange Commission, aiming for an initial public offering (IPO) this year. This move will allow individuals to buy and trade shares in the company on the stock market, although specific details regarding the share price and quantity remain undetermined.

The company's decision to pursue an IPO, concurrent with similar plans from Elon Musk's SpaceX, is expected to serve as a crucial barometer for investor enthusiasm in the rapidly expanding AI sector. Valuations for AI firms have soared recently, and Anthropic's public offering will gauge whether this investor appetite aligns with these high expectations.

Founded just five years ago by CEO Dario Amodei and other former OpenAI executives, Anthropic recently secured private funding that valued the company at over $965 billion. This valuation places Anthropic ahead of its rival OpenAI, which was most recently valued by private investors at $852 billion. Amodei's departure from OpenAI due to disagreements with CEO Sam Altman has fueled a fierce rivalry between the two companies as they compete for users and corporate clients with their advanced AI technologies.