BT Explainer | Anthropic IPO: AI giant’s $2 trillion valuation in focus as losses, spending mount

Anthropic PBC has publicly filed paperwork for an initial public offering (IPO), setting it up to become the first major US company focused solely on AI software to enter the stock market. The filing highlights rapid growth alongside uncertainty over future demand, heavy spending, government intervention and potentially catastrophic risks linked to advanced AI.Five years after its founding, Anthropic is expected to raise more money than any company in IPO history and could overtake Berkshire Hathaway Inc. in market value. Its valuation has risen from $183 billion a little over a year ago to $965 billion in its latest funding round, while early estimates suggest it could approach $2 trillion after listing.

First reported by Business Today. This page is a short excerpt; the full text is theirs.