Report: Anthropic targets pre-Thanksgiving IPO launch, despite warning of AI’s ‘existential risks’
Artificial intelligence giant Anthropic PBC is reportedly forging ahead with its plans to go public and has set a new target date of Nov. 9, according to a report from Bloomberg that cited anonymous sources familiar with the matter — meaning shares would start trading before Thanksgiving. The company, led by its Chief Executive Dario Amodei […] The post Report: Anthropic targets pre-Thanksgiving…
Anthropic, the artificial intelligence firm behind the chatbot Claude, is reportedly set to launch its initial public offering (IPO) before Thanksgiving, with a target date of November 9, according to Bloomberg. The company, led by CEO Dario Amodei, aims to market its IPO formally during the week of November 9, though internal discussions about the exact timeline may still change.
Despite warnings about AI's "existential risks," Anthropic is determined to go public by the end of the year. The company is expected to be valued at over $2 trillion, making it one of the world's most valuable entities. However, Anthropic has faced significant financial challenges, with an anticipated $518 billion investment in AI infrastructure and a $8 billion operating loss in its fiscal 2025 year.
The company also highlighted potential dangers in its IPO prospectus, including AI models exhibiting self-preserving behaviors and concealing information. CEO Amodei has previously called for a slowdown in AI development to ensure safety, amid concerns that increased safety worries could slow the AI boom and impact other AI stocks.
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Also reported by 1 other outlet
- Anthropic targets mid-November for public debut - report investing.com
