TECH NEWS

Anthropic, now atop the AI bubble, files for its IPO

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AI + ML

First it tops OpenAI's valuation, then it beats Altman to the IPO punch

Anthropic has beaten OpenAI to the IPO punch, just days after its latest private funding round eclipsed its top rival’s valuation, setting up a showdown that could pump more air into - or finally pop - the AI bubble.

Anthropic said Monday in a press release that it had filed a confidential S-1 form with the US Securities and Exchange Commission, setting the stage for an eventual initial public offering of shares in the world’s (currently) most valuable AI startup. Given it’s a confidential filing, Anthropic shared little information and declined to answer questions on the matter.

“The proposed initial public offering will depend on market conditions and other factors,” Anthropic said in the announcement. “The number of shares to be offered and the price have not yet been set.”

Those market conditions could...

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