AI giant Anthropic unveils blockbuster stock market debut
The company will be the first true artificial intelligence company to go public as tech firms continue to invest heavily in AI.
AI company Anthropic has announced plans for a significant stock market debut, expected to be the largest in history. The firm, known for its AI chatbot Claude, disclosed substantial losses of over $80.7bn in the first half of the year, but also reported $16.3bn in revenue. The details of the share release and pricing have not yet been disclosed.
Experts predict Anthropic's valuation post-debut will surpass that of SpaceX, which set a record with an initial valuation of around $1.8 trillion. The company plans to list on the Nasdaq under the symbol ANT, becoming the first true AI company to go public. This move comes amid heavy investments in AI infrastructure and tools, with tech giants pouring over $1tn into AI development over the past year.
Anthropic, founded five years ago by a team including CEO Dario Amodei and his sister Daniela Amodei, alongside five others, announced its public listing plans in June. Competitor OpenAI, meanwhile, also intends to go public, with its listing now anticipated for early next year. Following this announcement, both companies faced a surge of cyber-security and other technological breaches involving their AI agents.
Concerns have been raised about the potential dangers of AI technology, with current and former employees of both firms warning about the risks of uncontrolled AI development. Anthropic's new documents reiterate their commitment to developing AI beneficial to humanity, while also warning investors of the associated dangers.
Written by urgent.news from BBC Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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