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American artificial intelligence company
Anthropic, PBC is an American artificial intelligence (AI) public benefit corporation headquartered in San Francisco, California. Its flagship product is Claude, a series of proprietary large language models (LLMs). In January 2021, with the goal of promoting AI safety, Anthropic was founded by former members of OpenAI, including siblings Daniela Amodei and Dario Amodei, who are president and CEO, respectively. The company is privately held but plans an initial public offering in November 2026.
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OpenAI reportedly wants $30 billion at a $1.4 trillion-plus valuation before Anthropic’s IPO filings invite comparison.
The ChatGPT developer is accelerating its fundraising to secure commitments before its rival’s expected mid-November listing. The push comes as both companies court overlapping investors amid growing scrutiny of AI valuations and infrastructure costs.
The once-heralded $2 trillion market valuation target is now facing mounting hurdles and has become progressively more challenging to achieve, as shifting market dynamics, evolving industry landscapes, and intensifying competitive pressures erode the underlying conditions that once supported such an optimistic growth…