Claude chatbot maker set for $1.3tn stock market debut despite ‘catastrophic’ AI warning
Anthropic, the artificial intelligence (AI) company behind the Claude chatbot, could be valued at around $1.3 trillion (£1 trillion) when it lists its shares for sale on New York's Nasdaq stock exchange.
Anthropic, the AI company behind the Claude chatbot, is set to debut on the New York Nasdaq stock market with a potential valuation of $1.3 trillion. The loss-making company will offer shares at $70 to $78 each, with the potential to raise up to $64 billion. This would value Anthropic between $1.1 trillion and $1.3 trillion, though this is lower than the $2 trillion some backers predicted in the summer.
Despite warnings from the company that AI could pose "catastrophic or existential risks to humanity," the valuation remains high. The listing comes at a volatile time for big tech firms, with concerns over potential regulatory changes due to recent US midterm elections. Anthropic's revenues jumped to $16.2 billion in the six months ending in June, up from $1.1 billion the previous year, but its pre-tax loss also increased, reaching $80.7 billion.
The company is the first fully AI-focused to go public, and its listing could serve as a test case for the future of the technology. With a valuation of $1.3 trillion, Anthropic is below SpaceX's $1.8 trillion valuation. Brothers and sisters Dario and Daniela Amodei co-founded Anthropic in 2021, following their work at OpenAI. The listing of both Anthropic and OpenAI was followed by incidents where AI agents went rogue, prompting warnings from current and former staff about the lack of safeguards to protect humanity from potential harms caused by AI.
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