Anthropic is preparing for a potential initial public offering as the artificial intelligence company targets a debut as early as October.

Anthropic is arranging meetings between its executives and prospective investors to prepare for a potential initial public offering. The company aims to debut as early as October, though the final timing remains subject to market conditions. Major investment banks, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase, are leading the effort to gauge investor appetite before the official share sale. The move reflects a significant resurgence in the IPO market, where AI-related listings have generated the highest annual haul since 2021. Anthropic’s potential listing would precede a planned debut from rival OpenAI, which has pushed its own timeline back to 2027. Following a $65 billion funding round in May, Anthropic reached a valuation of $965 billion, surpassing OpenAI. The company’s growth is driven by high demand for its AI coding assistant, Claude Code. However, the company faces some uncertainty regarding its relationship with the administration, which recently placed temporary foreign access restrictions on two of its models.

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