Anthropic reveals loss as it plans to sell public shares for first time

Artificial intelligence (AI) company Anthropic has unveiled plans for a significant share listing, potentially the largest debut in market history. The firm, known for its AI chatbot Claude, disclosed a loss of over $80.7 billion (£60.5 billion) in the first half of the year, despite generating $16.3 billion in revenue. The number of shares and their price range have not been disclosed yet.

When Anthropic goes public, its valuation is anticipated to surpass that of SpaceX, which achieved the biggest-ever stock listing with an initial valuation of about $1.8 trillion. The company intends to list on the Nasdaq under the symbol ANT and will be the first AI-focused firm to go public, marking a trial for the future of AI technology.

As tech firms invest heavily in costly AI infrastructure and tools, Anthropic, founded by CEO Dario Amodei and his sister Daniela Amodei, along with five other co-founders just five years ago, announced its public listing intention in June. OpenAI, Anthropic's major competitor, also announced plans to go public, with its listing expected to occur early next year.

Following the announcement, both companies experienced a series of cybersecurity and technological breaches involving their AI agents, sparking concerns about the potential dangers of AI technology. In response, Anthropic reiterated its commitment to developing AI beneficial to people while warning investors of its risks.