Anthropic, the company behind the AI chatbot Claude, has published details of its business ahead of its planned stock market debut. In the first half of the year, the company recorded losses of more than $80.7bn, or £60.5bn, while simultaneously generating revenue of $16.3bn.
The number of shares to be issued, as well as their price range, have not yet been determined. Anthropic stated that it will list on Nasdaq under the symbol ANT and will be the first true AI company to go public. The company’s valuation at the time of its IPO is expected to exceed that of SpaceX, which had the largest stock market debut in history this summer with an initial valuation of approximately $1.8tn.
The company announced its intention to go public in June, and OpenAI soon followed by announcing its own plans to list. According to a person familiar with OpenAI’s plans, its IPO is expected to take place at the beginning of next year. Anthropic was founded five years ago by chief executive Dario Amodei, his sister Daniela Amodei, and five other co-founders.
In new documents, Anthropic reiterated its commitment to developing AI in a way that is beneficial to people, while simultaneously warning investors of its dangers. The company stated that it would frequently make upfront investments that may initially appear excessively large and that it needs to invest more aggressively than a business operating in a technological regime that changes more slowly. Its goal, as noted, is to be bold but reasonable and to earn trust through proven successful moves.
Technology companies have invested more than $1tn in AI infrastructure and tools in the past year. After companies decided on such plans, a wave of cyber-security and other types of technological breaches occurred, involving their AI agents. Current and former employees of both companies have drawn public attention with new warnings that AI technology is developing without the capacity to protect all of humanity from potential future harms.
