Anthropic, a global leader in artificial intelligence, has announced plans to become a publicly traded company in the United States. The company behind the popular chatbot Claude announced on Monday that it had submitted confidential documentation to the US Securities and Exchange Commission to conduct an initial public offering (IPO) this year.
The company has stated that the price and number of shares to be offered have not yet been determined, but individuals will be able to purchase and trade shares in the firm on the stock market once it becomes public.
The stock market plans of Anthropic, in conjunction with those of Elon Musk’s SpaceX, will likely serve as a test to determine whether investor appetite aligns with the escalating valuations of AI firms.
Anthropic, which was established five years ago by chief executive Dario Amodei and a small group of other executives, recently secured funding from private investors, valuing the company at over $965 billion (£717 billion).
Although the valuation was based on the assumption of future growth, it placed Anthropic ahead of OpenAI, which was most recently valued at $852 billion by private investors.
After working for several years at OpenAI, the company’s chief executive, Dario Amodei, founded Anthropic. He left the company after an argument with its chief executive, Sam Altman.
Also Read:
The US Disputes Iranian Claims That Rockets Hit a Warship
In a Historic Deal with South Korea, the UAE and Qatar Seek a New Gulf-Asia Economic Corridor
