Anthropic confidentially filed for an initial public offering on June 1, 2026. This move starts a formal race against OpenAI for a public market debut. Anthropic may list shares before OpenAI, which reportedly plans a debut as early as the fourth quarter of 2026.
Anthropic holds a recent valuation of $965 billion. The company focuses on enterprise customers and AI safety. It expects to achieve its first profitable quarter in Q2 2026.
OpenAI targets a valuation exceeding $1 trillion. The company faces high operational costs despite massive consumer adoption. OpenAI does not project profitability until approximately 2030. These offerings will test investor appetite for the capital-intensive AI sector.