Anthropic could aim to raise $100 billion in blockbuster IPO
Anthropic, a rapidly growing artificial intelligence company, is considering raising over $100 billion in an anticipated IPO that could value the firm at $2 trillion, according to sources familiar with the matter. The San Francisco-based company, founded just five years ago in 2021 by CEO Dario Amodei and others who left OpenAI, could surpass the previous record for the largest public offering, which was set by SpaceX at $85.7 billion in June.
Anthropic's IPO and $2 trillion valuation would also place the company as the second AI lab to go public since the technology boom began four years ago, following OpenAI's ChatGPT chatbot. Anthropic's revenue surged after breakthroughs in its coding chatbot program, Claude Code, leading to its valuation of $900 billion, surpassing OpenAI's $730 billion.
The company aims to generate more than 10 times revenue growth over the previous year and expects a large market potential for its services, encompassing various sectors of white-collar work. An upcoming public offering may be the test of the market's appetite for AI stocks amidst political and economic uncertainty.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
