Anthropic Targets November IPO as Filing Reveals $16B in Revenue

Artificial intelligence developer Anthropic is preparing for a Nasdaq debut in November after its prospectus revealed $16 billion in revenue alongside rising debt and soaring costs.

Artificial intelligence firm Anthropic, developer of the Claude AI model, is preparing to complete its massive stock market debut on Nasdaq in November, German newspaper Die Zeit reported.

In the public prospectus released ahead of its Wall Street debut, the company disclosed revenue of approximately $16 billion, The Jerusalem Post reported. According to the report, investors are weighing the figures amid soaring artificial intelligence development costs, mounting debt, and broader market volatility.

Further details regarding the final offering price and the exact launch date have not yet been released.