KARACHI / ISLAMABAD — Anthropic, the artificial intelligence (AI) company behind the Claude chatbot, could be valued at around $1.3 trillion (£1 trillion) when it lists its shares for sale on New York's Nasdaq stock exchange. The loss-making company says it will offer its shares for between $70 and $78 each and will raise up to $64bn when it floats this month.
It would value Anthropic at between $1.1tn and $1.3tn which, although large, is below the $2tn some backers of the firm predicted in summer. The huge valuation comes despite the company warning last month that AI could pose "catastrophic or existential risks to humanity". It is floating at a volatile time for big tech firms.
After last week's US midterm elections, the Nasdaq fell sharply on concerns a Democrat-led Congress could slow development of AI and the buildout of data centres. There are also wider fears over the billions of dollars being spent on AI and whether it will pay off. In its most recent results for the six months to the end of June, Anthropic's revenues jumped to $16.2bn from $1.1bn in the same period last year.