Anthropic Reveals Its Books Ahead of Blockbuster Listing: $16.3bn Revenue, Losses Above $80.7bn in First Half
Artificial intelligence firm Anthropic has revealed details of its business ahead of its plans to sell shares to the public, in what will likely be the largest stock market debut in history.
The company behind the AI chatbot Claude said it recorded losses of more than $80.7bn (£60.5bn) in the first half of the year, while generating revenue of $16.3bn over the same period.
The number of shares to be released and their price range is yet to be determined.
Anthropic's valuation when it goes public has been expected to exceed that of SpaceX, which this summer was the biggest-ever stock listing at an initial valuation of about $1.8 trillion.
Anthropic said it will list on the Nasdaq under the symbol ANT. It will be the first true AI company to go public, marking a test for the future of the technology.
The company said it will often make forward investments that may seem irresponsibly large at first glance, and that capturing the opportunity in front of it requires investing more aggressively than a business operating in a more slowly changing technological regime; it aims to be bold but sane and to win trust with a track record of successful bets. Tech companies have poured more than $1tn into AI infrastructure and tools, including data centres, over the last year alone.
Anthropic was founded just five years ago by chief executive Dario Amodei, his sister Daniela Amodei and five other co-founders, and announced its intention to go public in June. Its most significant rival, OpenAI, quickly followed suit; that listing is now expected early next year, according to a person familiar with OpenAI's plans. In its new documents, Anthropic reiterated its past promises to develop AI in a way that is beneficial to people, while warning investors of its dangers.
