Anthropic Files for IPO: AI Giant Valued at $965B

AI giant Anthropic, known for its Claude chatbot, has confidentially filed for an initial public offering. This move allows the company to submit IPO paperwork for review without immediately making its financial details public. What's interesting is the timing. This filing comes just days after Anthropic raised $65 billion in new funding, which valued the company at $965 billion. This places them ahead of OpenAI, which was valued at $852 billion in March. Anthropic, founded in 2021 by Dario and Daniela Amodei and others, focuses on safety in AI. Their product, Claude Code, has helped push projected annual revenue to $47 billion. The bottom line is that the company is looking to raise significant funds to fuel the rapid expansion of the AI sector.