Anthropic unveils details of planned historic stock market debut
Source: BBC ·
The company will be the first true artificial intelligence company to go public as tech firms continue to invest heavily in AI.
From the source
Artificial intelligence (AI) firm Anthropic has revealed for the first time details of its business and said it intends to sell stock to the public in what will likely be the largest market debut in history. The company behind popular AI chatbot Claude said it will list on the Nasdaq under the symbol ANT. The number of shares to be released and their price range is yet to be determined, the firm said. Anthropic's valuation when it goes public is expected to exceed that of SpaceX, which this summer was the biggest-ever stock listing at an initial valuation of roughly $1.8 trillion. It will be the first true AI company to go public, marking a test for the future of the technology. Tech companies have been heavily investing in costly AI infrastructure and tools, like data centres and the informational models that underly all AI technology, pouring more than $1tn into the efforts over the last year alone. Anthropic, which was founded just five years ago by chief executive Dario Amodei,…