AI summary
Anthropic’s massive IPO signals a pivotal moment in the AI industry, establishing a major public market benchmark for the sector’s valuation and growth.
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Anthropic targets $1.4 trillion IPO
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Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever, even while falling short of previous expectations. Its IPO price is expected to be between $70.00 and $78.00 per share and according to the Wall Street Journal's sources, Anthropic is "aiming for its shares to start trading Thursday or Friday next week." As Reuters notes, the Anthropic IPO was previously expected to be valued at as much as $2 trillion. As of last week, Anthropic's rival OpenAI was valued at $1.25 trillion. The initial public offering price is expected to be between $70.00 and $78.00 per share. Anthropic has applied to list its Class A common sto … Read the full story at The Verge.
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