Technology · 1 hour ago
AI firm Anthropic plans a US stock market debut despite losing £60bn
Photo: RyanDonegan (CC BY 2.0)
The creator of the Claude chatbot is targeting a valuation of up to $2 trillion when it floats on the Nasdaq exchange. The San Francisco company submitted its financial paperwork on Monday, showing revenue jumped to $16.3bn in the first six months of 2026. The massive deficit is largely down to accounting adjustments and spending $9bn on computing infrastructure.
Reported by City AM · How we write briefs