Anthropic Files Confidential IPO as $965 Billion AI Giant Targets Fall Wall Street Debut

Anthropic, the AI lab behind Claude, has filed confidentially for an initial public offering. The company, valued at close to $1 trillion, submitted a draft registration statement to the U.S. Securities and Exchange Commission for a proposed IPO. The filing comes less than a week after Anthropic raised $65 billion in a Series H funding round that pushed its valuation to $965 billion. The company has experienced explosive growth, announcing in May that its revenue run rate has ballooned to $47 billion, up from $10 billion in annual revenue last year. The startup was founded in 2021 by former OpenAI employees and has since become a formidable force. Anthropic appears to have gained an early lead over OpenAI in the race to go public, signaling that one of the industry's biggest players could become the first major generative AI company to reach public markets. Anthropic has yet to list the number of shares or set the price, and the proposed IPO will depend on market conditions and other factors.