SAN FRANCISCO -- Anthropic has submitted a filing for an initial public offering (IPO), which could become one of the largest in stock market history. Despite the significant potential, CEO Dario Amodei has cautioned that the advanced AI systems developed by the company, alongside competitors, pose an existential risk to humanity.
Read More
In its filing with the Securities and Exchange Commission, Anthropic did not specify the number of shares it plans to sell or the price range. The valuation of the company could reach up to $2 trillion, according to reports. In the first half of this year, Anthropic's revenue surged to $16.3 billion, although it also reported a net loss exceeding $80 billion, primarily due to the high costs of the computing infrastructure necessary for its AI advancements.
This IPO will test investor interest in AI amid growing scrutiny from the public, policymakers, and technologists about the risks associated with AI technologies. The company's shares will trade under the ticker ANT on the Nasdaq exchange.
Anthropic is among several tech giants, including Meta, Google, and OpenAI, that are investing heavily in AI, each vying for dominance in an industry projected to reach approximately $3.6 trillion in global spending by 2027, up from $1.8 trillion in 2025, as reported by market research firm Gartner.
OpenAI initially took the lead with the launch of ChatGPT in November 2022, but competition has intensified since then. Anthropic's Claude Code tool became popular among software developers upon its introduction in early 2025, and the company recently launched the Cowork agent to extend its reach into office productivity.
The Claude app has grown substantially, with market intelligence from Sensor Tower indicating over 67 million monthly active users by the third quarter of 2026, a significant increase from 9.4 million the previous year. Anthropic was valued at $965 billion after attracting $65 billion from investors in May.
OpenAI has also strengthened its offerings, launching new coding and task management agents. As tech companies race to develop AI agents capable of managing various digital tasks, Anthropic is introducing its Duet agent to compete in this area.
Concerns about the rapid advancement of AI persist. Last month, Amodei advocated for a slowdown in the industry to allow for improved safety standards and regulation, a sentiment shared by other AI leaders. His comments followed the resignation of an employee worried about the potential threats posed by AI, along with reports of AI models breaching security during testing.