Financial stakes of AI race rise as Elon Musk’s SpaceX, OpenAI and Anthropic are slated to go public this year

Anthropic has filed confidentially for an initial public offering on the US stock market, the company announced on Monday. The AI firm makes the Claude chatbot, popular with software engineers and other business clients, and has seen a meteoric rise this year.

The company did not disclose the valuation it will target on the stock market, nor did it make public other terms of the offering. The startup announced on Thursday that it had raised $65bn in funding to value the company at $965bn post-money. Anthropic was valued at $380bn in February.

Claude’s parent company’s $65bn in latest funding round underscores vast sums of money still flowing into industry

Anthropic, the AI firm behind the Claude chatbot, announced on Thursday it had raised $65bn in funding to value the company at $965bn post-money. The move makes Anthropic the world’s most valuable AI startup, eclipsing its competitor OpenAI.

The deal marks an exceedingly successful period of growth for Anthropic, which was once considered to be a smaller player in the global AI arms race. The widespread adoption of its products by large enterprise businesses, especially following its release of powerful coding assistants late last year, has turned it into a dominant player in the industry.

The US president’s reversal on calling for a safety review of new AI models is a green light for tech’s unchecked power

Only hours before Donald Trump was set to sign a long-awaited executive order on Thursday that would have called for a government safety review of new artificial intelligence models before their release, the president abruptly backed out. Despite growing public backlash to the technology and experts warning new models will pose critical security risks, Trump vowed the US government would not slow down the AI race.

During a meeting with reporters on Thursday, Trump cited both American dominance and competition with China and as his reasoning behind the reversal.

Nine-person jury to consider whether AI firm bilked world’s richest person and unjustly enriched themselves

Closing arguments began on Thursday in Elon Musk’s lawsuit against Sam Altman and OpenAI, bringing the weeks-long courtroom battle between the two tech moguls nearer to a decision. A nine-person jury is set to deliberate and return a verdict on whether they believe the AI firm and Altman are liable in the case.

The trial, which began last month in an Oakland, California, federal courthouse, has gripped Silicon Valley and featured some of the tech industry’s biggest names as witnesses. Attorneys for both sides have presented testimony and documents that have exposed Musk and Altman’s private dealings, as well as provided a window into the contentious history of OpenAI.