Anthropic valued OpenAI with a $65bn Series H late last month.
Anthropic kicked things off with a historic initial public offering (IPO) that will take the company’s valuation to over $1trn.
The company said it has confidentially submitted an IPO proposal with the US Securities and Exchange Commission (SEC) yesterday (June 1).
“This gives us an opportunity to go public after the SEC has completed its review,” he said. The number of shares to be offered and their value have not been set.
The IPO proposal comes less than a week after Anthropic surpassed OpenAI’s $65bn Series H valuation at $965bn.
OpenAI, recently valued at $825bn, is also planning to go public. CNBC reported that the company was preparing to file for a private IPO late last month.
Elon Musk’s SpaceX, meanwhile, went public in late May, with the offering expected to raise as much as $75bn.
Anthropic said run-rate revenue exceeded $47bn in May, a multiple-fold increase from $14bn in February and $5bn in August last year. Claude’s premiums have also more than doubled this year, according to the company.
A March analysis found that Anthropic captured more than 73pc of AI startup customers, while OpenAI captured only about 26pc.
In recent weeks, the company has signed deals with Google and Broadcom for next-generation TPU capacity, and SpaceX for access to GPU capacity for its Colossus 1 computer.
Amazon also pledged $5bn to the company in March as part of a $25bn investment plan. The deal comes on top of the $8 billion the company has already committed to the AI giant.
Amazon’s bet on Anthropic is paying off after the company said in March that its investment in the AI company had a net worth of more than $48bn.
Investor interest in Anthropic and its arch-rival OpenAI has snowballed alongside the unprecedented growth and acquisitions AI has seen.
Last month, Anthropic warned investors about secondary investment platforms offering exposure to their shares, calling them “empty and empty”. OpenAI did the same last year.
Anthropic’s growing popularity can be attributed to a dispute with the US defense department earlier this year, after the company refused to modify its AI defenses for government use.
The company has since faced the US authorities in court over the ban on its products in the country.
Recently, Anthropic’s Mythos cybersecurity model has taken the industry up to speed on its ability to detect and exploit security vulnerabilities. Since then, governments and businesses around the world have sought to use this model, which has so far been introduced with a limited amount of user choice.
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Dario Amodei, founder and CEO of Anthropic. Photo: Stuart Isett/Fortune via Flickr (CC BY 2.0)
