Anthropic named the Wall Street firms lead underwriters on its upcoming public offering, a role that will generate generous fees and enormous prestige.
Anthropic’s Code W/ Claude event in San Francisco in May. In a filing, the company provided rare insight into the business of a “frontier” A.I. lab that makes cutting-edge A.I. models.
Ahead of what could be the largest public listing ever, Anthropic said revenue soared to $16.3 billion in the first half of the year, and it planned to spend $807 billion on A.I. infrastructure.
The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.
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