Yahoo Finance
Anthropic (ANTH.PVT) is preparing to go publiclater this fallin a debut that will come as a crucial test for theartificial intelligence boom.
The initial public offering could mint riches for the AI model maker's unusually broad base of private investors, while putting its intertwined financial relationships with some of its biggest investors on full display.
From tech giants and Wall Street money managers to hedge funds, sovereign wealth funds, and over a hundred Silicon Valley venture capital firms, Anthropic has raised $130 billion from 300 institutional investors, according to PitchBook data.
The exact size of their potential windfalls won't be clear until Anthropic's IPO paperwork becomespublic in the coming weeks, but existing corporate filings and private-market data already offer a useful glimpse into who has billions riding on the listing.
Anthropicnotcheda $965 billion valuation in May.
The terms and timing for the listing could still shift.
Bankers, however, have discussed a deal that could surpass SpaceX's (SPCX) June listing as the world's largest, according to an August Wall Street Journalreport, with the company raising as much as $100 billion at a $2 trillion valuation.
The mega listing is also facing a moment wheredata center backlashand AI safety concerns have been building, and calls to rein in the industry have been growing louder ahead of November's US midterm elections.
The most recent safety concerns arose earlier this week when an Anthropic researcherquitover concerns that the AI race is pushing the company and its competitors to build systems they won't be able to control, putting humanity in jeopardy.
In July, hundreds of AI agents belonging to Anthropic rival OpenAI (OPAI.PVT)went rogue and broke into external systems, including the AI open-source model platform Hugging Face.
So far, the growing scrutiny doesn't appear to have dented investor appetite.
"As of now, it continues to be, and has been for the last year, one of the hottest companies we've ever seen," said Greg Martin, managing director with Rainmaker Securities, whenaskedabout institutional demand for Anthropic.
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