Share to ClassroomAnthropic Plans to Sell Shares to Public
Anthropic, the artificial intelligence (AI) company that makes the Claude chat program, wants to sell its shares to the public for the first time. On Monday, it sent papers to the Securities and Exchange Commission (SEC). This is the US government group that checks financial markets. Anthropic plans to sell its shares on the Nasdaq stock exchange. Reports say the sale could happen as soon as November, and the company could be worth between $1.5 trillion and $2 trillion. The BBC (British Broadcasting Corporation) said that $2 trillion or more would make it the biggest stock market sale in history.
Anthropic started only five years ago. Its founders, led by Dario Amodei, left OpenAI because they were worried that it was not making AI safely. Now Anthropic is OpenAI's biggest rival. In the first half of this year, it earned more than $16 billion. But it also lost about $81 billion. Its papers also warn that very powerful AI could be a serious danger to humanity.
One expert, Jim Angel, warned that the AI industry may be in a "bubble". The seven people who started Anthropic could each become worth up to $29 billion, the New York Post said. Meanwhile, OpenAI has delayed its own plans and will not sell shares this year because of worries about AI safety.
