Anthropic files for IPO

Anthropic, the artificial intelligence company behind the Claude chatbot, has confidentially filed for an initial public offering (IPO), positioning itself for a potential stock market debut later this year.

Ramping up competition
The move sets the stage for what could become a blockbuster year for tech IPOs. The filing comes as competition intensifies among leading AI companies.

• Elon Musk’s SpaceX, which recently merged with his artificial intelligence startup xAI, is preparing for a massive public offering.

• Reports suggest OpenAI may also file for an IPO soon.

Investment banks believe the first major AI company to reach public markets could gain a significant advantage in attracting investors eager to back the fast-growing sector.

Founded in 2021 by former OpenAI employees led by CEO Dario Amodei, Anthropic has transformed from a startup challenger into a major AI player. Products such as Claude Code and Claude Cowork have fueled rapid growth, particularly among business customers seeking AI tools for coding and workplace products.

Just last week, Anthropic raised funding that valued the company at $965 billion, overtaking rival OpenAI in value. It said its annualized revenue had surged to more than $47 billion, up from $9 billion at the end of 2025.

Despite its momentum, Anthropic faces challenges, including high computing costs, occasional service disruptions, and legal disputes with the Trump administration. The company said its IPO plans will depend on market conditions and other factors.