Anthropic on Monday said it filed plans for an initial public offering, setting it up for a share sale that could value the company in the trillion-dollar range as it races against rival OpenAI. The company has yet to determine how many shares it will sell or at what price. But the confidential registration statement to the Securities and Exchange Commission paves the way “for a proposed initial public offering of our common stock,” Anthropic said. Anthropic is one of three highly anticipated AI IPOs expected this year, along with OpenAI and SpaceX — allowing retail investors to get in on some of the most valuable AI startups and giving early investors the chance for multi-billion-dollar paydays.

Full report : Anthropic Files to Go Public, Setting Stage for Huge I.P.O.