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Artificial intelligence firm Anthropic has announced plans to become a publicly traded company in the United States. On Monday, the creator of the popular chatbot Claude confirmed it has filed confidential paperwork with the U.S. Securities and Exchange Commission (SEC) to launch an initial public offering (IPO) this year. The company noted that the pricing and total number of shares to be offered have not yet been determined.
Anthropic's stock market plans, coming alongside those of Elon Musk's SpaceX, will likely function as a test of whether investor appetite matches the soaring valuations of AI firms.
Anthropic, founded just five years ago by chief executive Dario Amodei and a handful of other executives, recently raised money from private investors that valued the company at more than $965bn.
While based on an assumption of future growth, that valuation put Anthropic ahead of OpenAI, which most recently was valued by private investors at $852bn.
Chief executive Dario Amodei founded Anthropic after working several years at OpenAI, a company he left after disagreements with its chief executive Sam Altman.
The two firms have since become fierce rivals in the AI world, developing similar technology and fighting for the attention and spending of users and corporate customers.
OpenAI is also reportedly considering going public this year.
Altman said on Monday while his company did intend to go public, it was in no rush to do so.
"We'll do it when it makes sense," Altman said.
Should OpenAI's listing come to pass, the US capital markets are poised to see an historic level of investment in just a handful of companies.
SpaceX alone is expected to break stock market records with its target valuation, but the potential value of Anthropic and OpenAI are not far behind.
The company has told investors that it expects to turn a profit in the first half of this year, as sales of its Claude product and related services have grown significantly.
