Anthropic opens books on AI's explosive growth and staggering costs

What happened: Anthropic unveiled its US IPO filing on Monday, setting out plans to build AI systems while confronting the costs of developing the technology. Key numbers: Some investors value Anthropic at about $1.5 trillion, down from roughly $2 trillion a week ago. It was valued at $965 billion in May. Why it matters: The IPO is expected to make Anthropic a benchmark for how Wall Street values leading AI companies, including rival OpenAI, as global equities sell off on doubts about returns from the debt-fueled AI investment boom. Coverage: 4 outlets in 24h

Anthropic unveiled its US IPO filing on Monday, setting out plans to build AI systems while confronting the costs of developing the technology.

The IPO is expected to make Anthropic a benchmark for how Wall Street values leading AI companies, including rival OpenAI, as global equities sell off on doubts about returns from the debt-fueled AI investment boom.