SAN FRANCISCO — Artificial intelligence company Anthropic is seeking a valuation of about $1.3 trillion in its initial public offering, according to a regulatory filing Tuesday reported by The Associated Press via KTAR News.
The maker of the Claude chatbot plans to sell 825 million shares priced between $70 and $78 each. At the midpoint, that would raise more than $61 billion.
The company is expected to debut on Wall Street this month and could stage the biggest IPO ever, possibly topping the record $86 billion raised by SpaceX in June, the report said. The shares are expected to list on the Nasdaq Global Select Market.
An Anthropic IPO would also put the company ahead of rival OpenAI in going public.
A filing last month showed Anthropic’s revenue topped $16 billion in the first half of the year, 14 times its revenue from the same period a year earlier. Like many tech companies going public, it has not yet turned a profit.
Anthropic, OpenAI and SpaceX’s AI division have all been losing more money than they make because of the huge cost of building AI, fueling concerns of a bubble, according to the AP.
Formed in 2021 by former OpenAI leaders, Anthropic is led by CEO Dario Amodei and his sister and co-founder, Daniela Amodei.
Sources: KTAR News / AP. Thee Arizona Times uses AI-assisted reporting reviewed against the sources listed.
Photo: NASA Headquarters / NASA/Emma Howells / Public domain via Wikimedia Commons.
