Artificial intelligence (AI) firm Anthropic has revealed its plans to go public in the United States, a move that would allow people to buy and sell its shares on the stock market.
key Highlight:
- Anthropic plans to go public in the US through an IPO later this year.
- The AI company behind Claude is valued at over $965 billion, making it one of the world’s most valuable AI firms.
- Anthropic was founded by Dario Amodei after leaving OpenAI over disagreements with Sam Altman.
- Analysts say the IPO could test investor confidence in rapidly growing AI companies.
- Experts believe Anthropic’s market debut may set new standards for measuring AI company performance and profitability.
The company behind chatbot Claude said on Monday it had filed paperwork with the US authorities in order to make an initial public offering this year.
Anthropic said the price and number of shares to be offered “have not yet been set.”
The firm’s stock market plans, coming alongside those of Elon Musk’s SpaceX, are set to show whether investor appetite matches the soaring valuations of AI companies.
Anthropic, founded just five years ago, recently raised money from private investors that valued the company at more than $965 billion (£717bn), ahead of OpenAI’s most recent valuation of $852 billion.
Anthropic Chief Executive, Dario Amodei, created the firm after leaving OpenAI, where he had worked for several years, over disagreements with its Chief Executive, Sam Altman.
The two firms have since become fierce rivals in the AI world, developing similar technology and fighting for the attention and spending of users and corporate customers.
OpenAI is also reportedly considering going public this year.
Altman told CNBC on Monday that, while his company did intend to go public, it was in no rush to do so.
“We’ll do it when it makes sense,” Altman said.
Should OpenAI’s listing happen, the US capital markets are poised to see an historic level of investment in just a handful of companies.
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SpaceX alone is expected to break stock market records with its target valuation, but the potential value of Anthropic and OpenAI is not far behind.
Meanwhile, Google’s owner Alphabet has revealed plans to raise $80 billion to spend on AI.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said the announcement was “a clear sign that the AI arms race is moving into a more capital-hungry phase.”
Tineke Frikkee, senior fund manager at W1M, said she would be interested in studying the prospectus to find out what profit Anthropic is making.
“No doubt it’ll be a multi-hundred-page document, but that’s what we’ll be looking for,” she told the BBC’s Today programme.
Sana Kharegani, chief strategy officer of AI firm Era 4, said Anthropic’s decision to go before OpenAI’s potential listing “carries a bit of a risk.”
“What we are going to get is a precedent – a gauntlet laid down for metrics that might matter. So maybe enterprise revenue, or subscriber counts, or hard numbers rather than philosophy,” she told the BBC.
“But if things don’t go exactly as planned… you’re leaving the door for others to come after you.”
