NewzSAN FRANCISCO (AP) — Artificial intelligence giant Anthropic filed papers Monday for what could be the biggest initial public offering of stock ever even as its top executive warns that advanced AI could pose an existential threat to humanity.The filing sets up the San Francisco company for a Wall Street debut next month, potentially eclipsing the SpaceX initial public offering in June that raised a record $86 billion. An Anthropic IPO would also put the company ahead of OpenAI in going public in what is expected to be a pair of blockbuster stock debuts for the rival AI labs.The filing comes weeks after CEO Dario Amodei argued in an essay for slowing the development of the most advanced AI models. An IPO could provide Anthropic with enormous resources to accelerate its expansion.
The amount the company ultimately raises remains uncertain, as do its final valuation and offering price, but even at lower estimates, it would turn the five-year-old startup into one of the world’s most valuable companies and potentially boost the wealth of Amodei and his sister and co-founder, Daniela, by billions of dollars.The 335-page document showed Anthropic’s revenue is growing rapidly, but like many other tech companies going public, it has yet to turn a profit. The company behind the chatbot Claude reported a net loss of $80.7 billion in the first half of 2026. That compares to a loss of $13 billion in the same period a year earlier.Despite the losses, Anthropic, valued earlier this year at $965 billion by private investors, is reportedly set to see that value rise to $1.5 trillion or possibly $2 trillion, although its final valuation has not been established.
At $1.5 trillion, Anthropic would rank among the world’s most valuable public companies, alongside Tesla.As for money raised, the offering could bring in as much as $100 billion, according to reports, surpassing the current record set by another one of Musk’s companies, SpaceX, earlier this year.In a regulatory filing, Anthropic said it will list its stock on the Nasdaq Global Select Market under the ticker symbol "ANT."Risks aplenty, but a big payoff to the foundersIn the filing, the company said it could use some of that money on acquiring other businesses and technology as well as investing in infrastructure to grow its business to take on rivals.Formed in 2021 by ex-OpenAI leaders, Anthropic is locked in a fight… Some of the leading artificial intelligence companies are moving toward initial public offerings at eye-popping valuations. Anthropic and OpenAI are looking to go public to access more capital in the race to shape the technology’s future.
The enormous sums involved in building and maintaining artificial intelligence models, the pursuit of artificial general intelligence, which can surpass humans at many tasks, and widespread AI adoption all have led to an air of excitement around the technology that has helped propel stock market gains. “These companies are now burning through cash to win the AI race, and public equity is the cheapest source available, particularly in a rising interest rate environment,” said Michael Field, chief equity analyst at Morningstar. But amid the billions — even trillions — at stake, worries about an AI bubble are looming in the background along with concerns about keeping the technology under human control.
Some experts fear tech companies and venture capitalists are pouring too much money into a still-nascent technology. Here’s a look at some of the biggest AI-focused companies. Anthropic Anthropic, which filed paperwork Monday for an initial stock offering on Wall Street, was formed in 2021 by former OpenAI leaders.
The maker of the Claude chatbot was recently valued at $965 billion, making it one of the world’s most valuable startups. It has been a meteoric rise for what was once a little-known research laboratory in San Francisco. Its value is reportedly expected to rise to $1.5 trillion or possibly $2 trillion.
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