Anthropic’s IPO targets $64 billion raise, valuing AI firm at $1.4 trillion

Anthropic plans to raise up to $64 billion in its initial public offering, potentially valuing the AI company at $1.4 trillion, according to a Tuesday filing. The listing marks the first major AI model developer to go public. The company aims to sell 825 million shares at $70 to $78 each under the ticker "ANT." Seven tech firms, including Google, Nvidia, and Microsoft, agreed to buy $26 billion in non-voting shares. Anthropic's revenue hit $17 billion in the third quarter, up from $1.4 billion a year earlier. The IPO falls short of SpaceX's record $86 billion raise in June. Anthropic warns of "catastrophic or existential risks" from advanced AI and faces political backlash over safety stances. Co-founders, led by Dario and Daniela Amodei, will retain over half of shareholder votes.