Five things to know about Anthropic ahead of Wall Street debut

Anthropic, a rival to OpenAI, is gearing up for a Wall Street debut that could surpass SpaceX's record IPO in June. Here are five key facts about the company:

1. Anthropic was established in 2021 by former OpenAI executives who sought to address AI potential and safety concerns more effectively. The company name, meaning "relating to human beings," reflects its focus on human-centric AI.

2. Dario Amodei, a San Francisco native with a PhD in biophysics from Princeton University, serves as CEO and co-founder. His sister, Daniela, is also a co-founder and the company's president. Anthropic employs around 5,000 people, according to PitchBook.

3. The company has shifted its focus to building a premier platform for computer programmers, as opposed to OpenAI's broader approach. Anthropic's coding assistant, Claude Code, has proven extremely popular, with projected annual revenue of US$65 billion.

4. Despite facing political challenges, including conflicts with the Trump administration over military access to AI models and criticism from the White House, Anthropic remains a significant player in the AI landscape. It was valued at just under one trillion dollars after raising US$65 billion in May.

5. Similar to OpenAI, Anthropic requires substantial resources to develop advanced AI models, with both companies having to find funding on the public markets due to diminishing returns from venture capitalists. Anthropic aims to surpass SpaceX's IPO revenue of $86.2 billion, though it is currently operating at a loss of nearly $42 billion in 2025, with ongoing losses expected in the future.