AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

AI company Anthropic, developer of the Claude chatbot, plans to list on the US stock market this year. This initial public offering is anticipated to be highly scrutinized, with investors examining its financial performance to assess the viability of generative AI valuations. Anthropic's IPO, alongside SpaceX's upcoming debut, represents a significant concentration of pre-IPO capital. The company has also faced challenges with the US Department of Defense over contractual terms for its AI tools, raising concerns about potential misuse in surveillance or autonomous weapons. These concerns led to former President Donald Trump denouncing the company and Defense Secretary Pete Hegseth prohibiting its use by US agencies.

AI giant Anthropic has confidentially filed for an initial public offering (IPO) in the United States. The company, known for its AI chatbot Claude, did not disclose the size or terms of the offering. This move is seen as a significant test of investor appetite for the booming AI sector. Anthropic was last valued at $965 billion after raising $65 billion in May and reported annualised revenue of $47 billion. The confidential filing allows Anthropic to advance IPO preparations while keeping financial details private. This development follows SpaceX's large IPO and signals that both Anthropic and rival OpenAI, along with SpaceX, are expected to become publicly traded, despite concerns about potential AI bubbles as all three are currently losing money.