Anthropic Eyes an IPO as Big Tech's AI Cash Crunch Comes for Wall Street

The artificial intelligence developer Anthropic took a tentative first step Monday toward becoming a publicly traded company, a move that would give it access to a huge pool of investors' money while opening...

Anthropic Eyes an IPO as Big Tech's AI Cash Crunch Comes for Wall Street. The artificial intelligence developer Anthropic took a tentative first step Monday toward becoming a publicly traded company, a move that would give it access to a huge pool of investors' money while opening its books. The Claude-maker is one of three big tech firms expected to have initial public offerings this year amid what some call an "AI gold rush." SpaceX, the Elon Musk-owned rocket company that also includes the Starlink ISP, the AI lab xAI, and the social network now known as X, filed for an IPO in May . Anthropic's major rival, ChatGPT maker OpenAI, is expected to follow suit soon . The frenzied IPO race reflects the market's eagerness to cash in on its trillion-dollar bets, as AI companies rush to secure the massive funding needed to survive. The AI indus...