Anthropic targets valuation of up to $1.4 trillion
NEW YORK - Anthropic plans to raise up to $64 billion in its upcoming initial public offering, the artificial intelligence giant said in a filing Tuesday, in a listing that could value the company at up to $1.4 trillion.
Anthropic, an artificial intelligence firm, is preparing to launch an initial public offering (IPO) that could value the company at up to $1.4 trillion. In a filing with the US Securities and Exchange Commission, the company aims to sell 825 million shares at prices between $70 and $78 each. The IPO, set to occur just after November 16, will be the first by a leading AI model developer and is seen as an indicator of the longevity of the AI spending boom currently boosting the US economy.
The new models, Fable 5.2 and Mythos 5.2, are expected to perform up to 30% faster than previous versions. Seven tech companies, including Google, Nvidia, AMD, and Microsoft, have agreed to purchase $26 billion of non-voting shares at the IPO price. The company's valuation has been a topic of interest, with previous estimates reaching as high as $2 trillion, but they have since decreased alongside a downturn in AI stocks.
The listing comes amid political uncertainty, as Democrats now control both chambers of Congress and have pledged to curb President Trump's agenda.
Written by urgent.news from The Hindu - Sci-Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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