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 IPO in June that raised a record $86 billion. It 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, as well as boost the wealth of CEO Dario Amodei and his sister and co-founder, Daniela, by billions of dollars.
The 335-page document shows Anthropic’s revenue is growing rapidly, reaching more than $16 billion in the first half of the year—14 times its revenue from the same period last year. But like many other tech companies going public, the company behind the Claude chatbot has yet to turn a profit.
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 record set by SpaceX.
