Two of the biggest names in artificial intelligence are preparing to test the public markets. OpenAI and Anthropic, each valued at close to $1 trillion, are gearing up for potentially massive initial public offerings that could arrive as soon as this year.
According to reports, Anthropic filed confidentially in June, with OpenAI following days later — setting up what could be among the largest technology listings in history and a landmark moment for the AI industry’s transition from private hype to public scrutiny.
The scale of the valuations underscores how quickly generative AI has reshaped the tech landscape. Both companies sit at the centre of an arms race in frontier models, competing for compute, talent and enterprise customers while burning through enormous sums to stay ahead.
For investors, the listings would offer a rare direct stake in the AI boom. For the wider market, they represent a high-stakes test of whether the industry’s trillion-dollar expectations can survive contact with quarterly earnings and public accountability.
Comments 0