News & Updates
The latest news and updates from companies in the WLTH portfolio.
AMD Committed Up to $5 Billion to Anthropic, and Anthropic's IPO Prospectus Is Reportedly Days Away
When Advanced Micro Devices (NASDAQ:AMD) announced its Anthropic partnership in late July, two commitments stood out. Anthropic agreed to deploy up to 2 gigawatts of AMD Instinct MI450 series graphics processing units (GPUs), with deployment of the first gigawatt set to begin in the first half of 2027. And AMD committed to invest up to $5 billion in the artificial intelligence (AI) company behind the Claude models. The second commitment is about to get easier to measure. Anthropic plans to publish its initial public offering (IPO) prospectus after the Labor Day holiday on Monday, with a listing as soon as late September or early October, The Information reported late last month. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " What does AMD hold today, then? Not a stake, at least not yet. Image source: AMD. Conditions attached AMD's press release put it carefully: The company "has committed to make a strategic equity investment of up to $5 billion in Anthropic in the future." AMD's early August quarterly filing added structure. It describes investment commitments of up to $5 billion entered after the quarter ended, "subject to certain contingencies," with the money expected to go out through fiscal year 2028. Neither company has said what the contingencies are. And no valuation for the investment has been disclosed. That shape has become standard among Anthropic's backers. Alphabet agreed in April to invest up to $40 billion -- $10 billion immediately, the remaining $30 billion contingent on performance milestones. For scale, AMD held $1.7 billion of investments in private companies at the end of the second quarter. This one commitment could grow to nearly triple that. What would a listing change? Anthropic itself has confirmed very little. The only filing on record is a confidential draft registration statement submitted in June. However, the reported figures are staggering. CNBC has reported that Anthropic is valued at close to $1 trillion in the private markets, and that investors project it could float at about a $2 trillion valuation. The growth underneath, I think, explains the excitement. Anthropic's annualized revenue run rate (a full-year projection of its recent revenue pace) topped $30 billion in April and passed $65 billion by the end of July. The company has reportedly raised at least $130 billion, and its offering is expected to surpass the June IPO of SpaceX, which raised about $86 billion, the largest on record. Every one of those figures is reported, not filed. And at the reported valuations, AMD's up-to-$5 billion would buy no more than about half of 1% of the company. Still, a listing would give whatever stake AMD may eventually hold a daily price that flows straight into its reported results. The company ended the second quarter with $425 million of net unrealized gains on marketable equity securities, mostly from holdings that went public during the quarter. AMD is helping finance a customer The part I'd watch most closely isn't the stake at all. AMD has committed money to a company that agreed to deploy its chips. AMD's OpenAI arrangement runs in the opposite direction. That deal handed OpenAI a warrant for up to 160 million AMD shares, vesting as deployment and stock-price milestones are hit. Showing what those deals feed, AMD's data center segment revenue more than doubled year over year to $6.7 billion in the second quarter, or 58% of record companywide revenue of $11.5 billion, up 50% year over year. Management guided third-quarter revenue to about $13 billion, up about 41%. That guided rate marks a deceleration, at a much larger scale. When a customer AMD helps finance commits to up to 2 gigawatts of deployments, some of the dollars moving through the system could be AMD's own. In effect, a slice of the industry's demand could end up self-financed. That, I'd argue, is the strongest reason the IPO matters to AMD shareholders. An offering that surpasses SpaceX's could pay for a chunk of the buildout with public investors' money instead of suppliers' commitments. Even more, a public Anthropic would have to show, quarter after quarter, how much revenue it's actually producing. In short, the two commitments aren't equal. The up-to-$5 billion investment is conditional, unpriced, and small next to Anthropic's reported valuations. The deployments are what can become revenue, and they aren't set to begin until 2027. Meanwhile, AMD shares trade near $474 as of this writing (about 19% below their 52-week high), at about 30 times next year's expected earnings -- a price with a lot of chip demand already baked in. I think the Anthropic deal makes that demand more likely to show up on schedule. But what AMD holds from it today is still a promise. Should you buy stock in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $421,997!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,413,876!* Now, it's worth noting Stock Advisor's total average return is 978% -- a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of September 5, 2026. Daniel Sparks and his clients do not have positions in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Alphabet. The Motley Fool has a disclosure policy.
AMD Committed Up to $5 Billion to Anthropic, and Anthropic's IPO Prospectus Is Reportedly Days Away
When Advanced Micro Devices (NASDAQ:AMD) announced its Anthropic partnership in late July, two commitments stood out. Anthropic agreed to deploy up to 2 gigawatts of AMD Instinct MI450 series graphics processing units (GPUs), with deployment of the first gigawatt set to begin in the first half of 2027. And AMD committed to invest up to $5 billion in the artificial intelligence (AI) company behind the Claude models. The second commitment is about to get easier to measure. Anthropic plans to publish its initial public offering (IPO) prospectus after the Labor Day holiday on Monday, with a listing as soon as late September or early October, The Information reported late last month. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " What does AMD hold today, then? Not a stake, at least not yet. Image source: AMD. Conditions attached AMD's press release put it carefully: The company "has committed to make a strategic equity investment of up to $5 billion in Anthropic in the future." AMD's early August quarterly filing added structure. It describes investment commitments of up to $5 billion entered after the quarter ended, "subject to certain contingencies," with the money expected to go out through fiscal year 2028. Neither company has said what the contingencies are. And no valuation for the investment has been disclosed. That shape has become standard among Anthropic's backers. Alphabet agreed in April to invest up to $40 billion -- $10 billion immediately, the remaining $30 billion contingent on performance milestones. For scale, AMD held $1.7 billion of investments in private companies at the end of the second quarter. This one commitment could grow to nearly triple that. What would a listing change? Anthropic itself has confirmed very little. The only filing on record is a confidential draft registration statement submitted in June. However, the reported figures are staggering. CNBC has reported that Anthropic is valued at close to $1 trillion in the private markets, and that investors project it could float at about a $2 trillion valuation. The growth underneath, I think, explains the excitement. Anthropic's annualized revenue run rate (a full-year projection of its recent revenue pace) topped $30 billion in April and passed $65 billion by the end of July. The company has reportedly raised at least $130 billion, and its offering is expected to surpass the June IPO of SpaceX, which raised about $86 billion, the largest on record.
AMD Committed Up to $5 Billion to Anthropic, and Anthropic's IPO Prospectus Is Reportedly Days Away
When Advanced Micro Devices (AMD +4.69%) announced its Anthropic partnership in late July, two commitments stood out. Anthropic agreed to deploy up to 2 gigawatts of AMD Instinct MI450 series graphics processing units (GPUs), with deployment of the first gigawatt set to begin in the first half of 2027. And AMD committed to invest up to $5 billion in the artificial intelligence (AI) company behind the Claude models. The second commitment is about to get easier to measure. Anthropic plans to publish its initial public offering (IPO) prospectus after the Labor Day holiday on Monday, with a listing as soon as late September or early October, The Information reported late last month. What does AMD hold today, then? Not a stake, at least not yet. Conditions attached AMD's press release put it carefully: The company "has committed to make a strategic equity investment of up to $5 billion in Anthropic in the future." AMD's early August quarterly filing added structure. It describes investment commitments of up to $5 billion entered after the quarter ended, "subject to certain contingencies," with the money expected to go out through fiscal year 2028. Neither company has said what the contingencies are. And no valuation for the investment has been disclosed. That shape has become standard among Anthropic's backers. Alphabet agreed in April to invest up to $40 billion -- $10 billion immediately, the remaining $30 billion contingent on performance milestones. For scale, AMD held $1.7 billion of investments in private companies at the end of the second quarter. This one commitment could grow to nearly triple that. What would a listing change? Anthropic itself has confirmed very little. The only filing on record is a confidential draft registration statement submitted in June. However, the reported figures are staggering. CNBC has reported that Anthropic is valued at close to $1 trillion in the private markets, and that investors project it could float at about a $2 trillion valuation. The growth underneath, I think, explains the excitement. Anthropic's annualized revenue run rate (a full-year projection of its recent revenue pace) topped $30 billion in April and passed $65 billion by the end of July. The company has reportedly raised at least $130 billion, and its offering is expected to surpass the June IPO of SpaceX, which raised about $86 billion, the largest on record. Every one of those figures is reported, not filed. And at the reported valuations, AMD's up-to-$5 billion would buy no more than about half of 1% of the company. Still, a listing would give whatever stake AMD may eventually hold a daily price that flows straight into its reported results. The company ended the second quarter with $425 million of net unrealized gains on marketable equity securities, mostly from holdings that went public during the quarter. AMD is helping finance a customer The part I'd watch most closely isn't the stake at all. AMD has committed money to a company that agreed to deploy its chips. AMD's OpenAI arrangement runs in the opposite direction. That deal handed OpenAI a warrant for up to 160 million AMD shares, vesting as deployment and stock-price milestones are hit. Showing what those deals feed, AMD's data center segment revenue more than doubled year over year to $6.7 billion in the second quarter, or 58% of record companywide revenue of $11.5 billion, up 50% year over year. Management guided third-quarter revenue to about $13 billion, up about 41%. That guided rate marks a deceleration, at a much larger scale. When a customer AMD helps finance commits to up to 2 gigawatts of deployments, some of the dollars moving through the system could be AMD's own. In effect, a slice of the industry's demand could end up self-financed. That, I'd argue, is the strongest reason the IPO matters to AMD shareholders. An offering that surpasses SpaceX's could pay for a chunk of the buildout with public investors' money instead of suppliers' commitments. Even more, a public Anthropic would have to show, quarter after quarter, how much revenue it's actually producing. In short, the two commitments aren't equal. The up-to-$5 billion investment is conditional, unpriced, and small next to Anthropic's reported valuations. The deployments are what can become revenue, and they aren't set to begin until 2027. Meanwhile, AMD shares trade near $474 as of this writing (about 19% below their 52-week high), at about 30 times next year's expected earnings -- a price with a lot of chip demand already baked in. I think the Anthropic deal makes that demand more likely to show up on schedule. But what AMD holds from it today is still a promise.
Anthropic's $2 Trillion IPO Approaches: The Companies Poised to Benefit - Amazon.com (NASDAQ:AMZN), NVIDI
Anthropic, the creator of Claude, the popular AI chatbot, is set to launch its IPO in the coming weeks. As part of this process, it is expected to launch its prospectus as early as next week. This IPO is expected to value it at $2 trillion, making it the fastest-growing company to hit that milestone. This article looks at some of the top companies set to benefit. Morgan Stanley and Goldman Sachs to be Lead Bankers Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) are expected to net millions of dollars in the company's IPO. According to FT, Anthropic will secure the prized "lead left" role, while Goldman Sachs will act as the IPO stabilization agent. It is not clear yet how much money Anthropic will raise. However, based on its $2 trillion valuation, this IPO will likely net bankers millions of dollars. In the SpaceX (NASDAQ:SPCX), bankers made over $500 million, with Goldman and Morgan Stanley making $100 million each. Other large banks, including JPMorgan, Citigroup, and Barclays are expected to benefit, although their roles will be smaller than the other two. Markets XRP Price Prediction as Ripple USD (RLUSD) Hits $2.4 Billion Milestone 3 min read This XRP price prediction explains what to expect now that the Ripple USD (RLUSD) stablecoin growth is accelerating this month. Read article Amazon is Anthropic's Leading Investor Jeff Bezos' Amazon (NASDAQ:AMZN) is another top company set to benefit when Anthropic IPO happens. It has become its biggest investor by cumulative amounts, which are estimated at $8 billion. It also committed to invest $6 billion this year, with AWS serving as the primary training cloud. Trending Amazon invested in Anthropic when it was not a popular name in the AI industry. At the time, attention was on OpenAI, which became the first firm to go mainstream. As a result, chances are that Amazon's stake in the company will be over $420 billion if it hits the $2 trillion mark. That figure is about 15% of Amazon's $2.8 trillion valuation. Alphabet Has Invested in Anthropic Alphabet (NASDAQ:GOOG) will also benefit if Anthropic hits its $2 trillion valuation. Like Amazon, the company has invested huge sums of money in the company and now owns a 14% stake. That investment will be worth over $280 billion. In addition to that, Anthropic will raise billions of dollars that it can use to buy TPU chips from Google. This is important because, to a large extent, Anthropic has relied on chips from Google and Amazon to train its models. This is different from OpenAI, which has relied on Nvidia (NASDAQ:NVDA) chips. Nvidia and Microsoft Microsoft and Nvidia have also made late investments in Anthropic, meaning that they will also benefit when it goes public. Their returns, however, will be smaller than other companies like Google and Amazon. In addition to these names, the others to benefit are Salesforce (NYSE:CRM), Cisco (NASDAQ:CSCO), Zoom Communications (NASDAQ:ZM), Coatue, Lightspeed Ventures, and Menlo Ventures. ETFs SCHD ETF Officially Becomes Biggest Dividend Fund as Price and Inflows Jump 3 min read The SCHD ETF has officially become the biggest dividend ETF after overtaking VIG, helped by its strong inflows and price performance. Read article Image: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Anthropic delays IPO launch
Anthropic is expected to begin marketing its initial public offering (IPO) in mid-October at the earliest and complete the listing days before the US midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what some investors have said could be a $2 trillion listing, one of the largest IPOs ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalise a $15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said.
Architect of UK's AI strategy joins Anthropic amid conflict of interest warning
Matt Clifford, a technology investor who designed the UK government's artificial intelligence strategy, has taken on a senior position at Anthropic, the company behind the Claude chatbot, in a move that has prompted scrutiny from lawmakers. Clifford served as AI opportunities adviser to Prime Minister Keir Starmer following his work on the government's AI action plan but departed from that unpaid role after six months. He is now joining Anthropic as managing director for international affairs, where he will oversee the company's relationships with governments outside the United States, including those in the UK, Europe, Asia-Pacific and India. Anthropic stated that Clifford would abstain from involvement in any decisions related to the company's interests. The appointment has drawn criticism particularly regarding Clifford's continued position as chair of Aria, the Advanced Research and Invention Agency, which distributes public funding for cutting-edge research and technology projects. Chi Onwurah, who leads the House of Commons committee on science, innovation and technology, characterized the dual roles as constituting a clear conflict of interest. She called for intervention from the government's AI minister, Kanishka Narayan, to establish appropriate boundaries. Anthropic countered that its business dealings with Aria were managed through a separate division and that Clifford held no authority over procurement or spending decisions at the funding body. The move reflects a broader pattern of prominent British political figures transitioning to positions with major technology companies. Recent examples include former Deputy Prime Minister Nick Clegg's role at Meta, former Prime Minister Rishi Sunak's advisory positions at Microsoft and Anthropic, and ex-Chancellor George Osborne's appointment at OpenAI. According to observers, such transitions raise questions about the transfer of sensitive government knowledge to the private sector. Tom Brake of Unlock Democracy advocacy group noted that the arrangement potentially strengthens private companies' negotiating positions with government entities. Clifford emphasized that meaningful AI governance requires collaboration between corporations and governments, stating that nations globally seek influence over how the technology is developed and deployed. Anthropic is preparing for a potential public listing that could value the company at approximately $2 trillion. Article Attribution | Read More at Article Source Article summary produced by Claude AI
Anthropic IPO launch shifts toward mid-October, sources say
ANTHROPIC is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the US midterm elections in November, people familiar with the matter said on Friday (Sep 4). The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that it is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what some investors have said could be a US$2 trillion listing, one of the largest IPOs ever attempted and a major test of public-market appetite for the rapidly growing AI industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalise a US$15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said. Bloomberg earlier reported that Anthropic was in talks to expand the facility to US$15 billion. Companies typically leave a few weeks between analyst meetings and making the IPO prospectus public, although Anthropic is expected to have a tighter window because analysts already know the company well, the person said. Anthropic declined to comment. The offering is expected to be one of the most closely anticipated IPOs ever, as investors look to public markets for exposure to the rapidly growing artificial intelligence industry. It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX went public in June at a record US$1.77 trillion valuation. Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO, according to people familiar with the matter. The banks declined to comment. REUTERS
Exclusive-Anthropic IPO launch shifts toward mid-October, sources say
Sept 4 - Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the U.S. midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what some investors have said could be a $2 trillion listing, one of the largest IPOs ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalize a $15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said. Bloomberg News earlier reported that Anthropic was in talks to expand the facility to $15 billion. Companies typically leave a few weeks between analyst meetings and making the IPO prospectus public, although Anthropic is expected to have a tighter window because analysts already know the company well, the person said. Anthropic declined to comment. The offering is expected to be one of the most closely anticipated IPOs ever, as investors look to public markets for exposure to the rapidly growing artificial intelligence industry. It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX went public in June at a record $1.77 trillion valuation. Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO, according to people familiar with the matter. The banks declined to comment. (Reporting by Echo Wang in New York; Additional reporting by Milana Vinn; Editing by Colin Barr and Sanjeev Miglani)
Anthropic Is Reportedly Gearing Up for an IPO This Year That Could Be Bigger Than SpaceX. 3 Things Investors Should Know.
Anthropic, the parent company of the large language model (LLM) family known as Claude, is reportedly preparing for an initial public offering that could happen as soon as later this month or in October, according to various media outlets. The company confidentially filed for an IPO back in June. It would mark the second monster artificial intelligence (AI)-related IPO since Space Exploration Technologies went public in June, raising nearly $86 billion at a $1.77 trillion valuation, in the largest IPO ever. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Given the amount of interest and hype surrounding this company and this topic, Anthropic could surpass SpaceX in total funds raised and valuation. Here are three things investors should know. 1. Anthropic may try to raise as much as $100 billion at a $2 trillion valuation As if SpaceX didn't go big enough, Anthropic will reportedly attempt to top it by raising up to $100 billion at a valuation as high as $2 trillion. This is, of course, no guarantee, as even SpaceX faced some pushback, despite its successful raise. SpaceX's stock has also been up and down since the IPO, as investors worry about the high valuation, the intense capital expenditures required by the business, and the future release of additional shares into the market. Whether Anthropic can reach a $2 trillion valuation will depend in part on the financials reported in its registration statement. The company reportedly doubled revenue in the second quarter to $11.6 billion and reported positive adjusted operating income, though I'm sure investors will be curious to see the adjustments. The Financial Times also reported that investors in Anthropic believe that annualized revenue could reach $120 billion by the end of this year. 2. Anthropic could be targeting a $30 trillion TAM Perhaps one of the most surprising figures in SpaceX's registration statement was its $28.5 trillion total addressable market (TAM), essentially the opportunity at play for the company. The bigger the TAM, the bigger the revenue potential. Citing anonymous sources, The Wall Street Journal recently reported that Anthropic is supposedly eying a $30 trillion TAM. Investors should be skeptical of TAMs, but the sheer size of SpaceX's TAM seemed to excite the market, even if it rested on some pretty spectacular assumptions.
Anthropic IPO Delayed, Pre-Midterm Listing Planned
Prospectus delayed to late September, listing expected before November midterms The initial public offering (IPO) schedule for artificial intelligence (AI) company Anthropic is expected to be delayed by about a month compared to the original plan. As the disclosure of the investment prospectus has been postponed to late September, the actual listing process is likely to conclude just before the U.S. midterm elections on November 3. According to Reuters on the 4th (local time), multiple sources reported that Anthropic has postponed the disclosure of its IPO investment prospectus, which was originally scheduled to be released early next week, to late September. As a result, Anthropic is expected to begin IPO marketing as early as mid-October. The listing process is projected to conclude between late October and early November. If the schedule proceeds as planned, the company will enter the New York Stock Exchange just days before the midterm elections. However, the specific timeline remains subject to change. Anthropic is currently coordinating a $15 billion revolving credit facility alongside its listing preparations. Once the credit facility terms are finalized, financial analysts from the underwriting banks are expected to meet with Anthropic's management. Typically, several weeks pass between such meetings and the disclosure of the investment prospectus, but observers note that Anthropic's analysts may expedite the process as they are already familiar with the company's situation. Anthropic began IPO preparations in June by submitting confidential documents to the U.S. Securities and Exchange Commission (SEC). Market expectations suggest the company's valuation could reach up to $2 trillion following the listing. Growth trends supporting these valuation expectations continue. As of July, Anthropic's annualized revenue reportedly exceeded $65 billion, surpassing competitor OpenAI's annualized revenue of $40 billion. Profitability has also improved. In the second quarter of this year, Anthropic recorded its first profit since inception based on adjusted operating profit. Investors have been informed that revenue could reach up to $200 billion by 2028. If the year-end listing succeeds, Anthropic will enter the public market before competitor OpenAI, which plans to proceed with its IPO next year. Analysts suggest this could influence the competition for market leadership among AI companies. The IPO underwriters include Morgan Stanley, Goldman Sachs, JPMorgan, and Citigroup. These banks did not respond to Reuters' requests for comment.
Anthropic IPO launch shifts toward mid-October, sources say
Anthropic had been expected to make its IPO prospectus public as early as next week, a crucial step that would kick off the final stages of the offering. Anthropic is expected to begin marketing its initial public offering (IPO) in mid-October at the earliest and complete the listing days before the US midterm elections in November, people familiar with the matter said on Sept 4. The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what some investors have said could be a US$2 trillion listing, one of the largest IPOs ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalise a US$15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said. Bloomberg News earlier reported that Anthropic was in talks to expand the facility to US$15 billion. Companies typically leave a few weeks between analyst meetings and making the IPO prospectus public, although Anthropic is expected to have a tighter window because analysts already know the company well, the person said. Anthropic declined to comment. The offering is expected to be one of the most closely anticipated IPOs ever, as investors look to public markets for exposure to the rapidly growing artificial intelligence industry. It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX went public in June at a record US$1.77 trillion valuation. Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO, according to people familiar with the matter. The banks declined to comment. REUTERS
Exclusive-Anthropic IPO launch shifts toward mid-October, sources say - AOL
Sept 4 - Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the U.S. midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what some investors have said could be a $2 trillion listing, one of the largest IPOs ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalize a $15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said. Bloomberg News earlier reported that Anthropic was in talks to expand the facility to $15 billion. Companies typically leave a few weeks between analyst meetings and making the IPO prospectus public, although Anthropic is expected to have a tighter window because analysts already know the company well, the person said. Anthropic declined to comment. The offering is expected to be one of the most closely anticipated IPOs ever, as investors look to public markets for exposure to the rapidly growing artificial intelligence industry. It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX went public in June at a record $1.77 trillion valuation. Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO, according to people familiar with the matter. The banks declined to comment. (Reporting by Echo Wang in New York; Additional reporting by Milana Vinn; Editing by Colin Barr and Sanjeev Miglani)
Anthropic uses Claude to formalize proof of Fermat's Last Theorem
Anthropic uses Claude to formalize proof of Fermat's Last Theorem Anthropic PBC has used Claude to create a computer-verifiable version of a famous, highly complicated mathematical proof. The company detailed the project in a blog post published today. A proof is a series of arguments that proves a mathematical hypothesis is correct. The proof that Anthropic tackled verifies a hypothesis called Fermat's Last Theorem. Originally floated in 1637, the hypothesis focuses on the properties of positive whole numbers. The proof of Fermat's Last Theorem was developed in 1995 by mathematician Andrew Wiles. It runs for 129 pages and took months of work to verify. Anthropic's research project formalized Wiles' proof, which means that the company turned it into a form that can be automatically verified by computers. Formalizing proofs is useful because it rules out the possibility of human error and eases information sharing among mathematicians. A formalized proof takes the form of a code snippet written in a programming language called Lean. It's a specialized syntax that mathematicians use to verify hypotheses. Anthropic's proof comprises 13 million lines of Lean code, which makes it the largest-ever file of its kind. Formalization is difficult because proofs tend to be quite terse. They lack certain explanations that a computer would need to understand them, which requires Lean developers to add in the explanations manually. Another source of complexity is that the arguments in a proof often build on one another. That means one erroneous line of Lean code can render all the subsequent code invalid. Mathematicians expected the process of formalizing Wiles' proof to take several years. According to Anthropic, its researchers completed the task in 11 days using an internal research model. The algorithm is described as being roughly on par with Claude Fable 5.1, the immediate predecessor of GPT-6 Astra. Notably, the model completed the task using only a limited amount of high-level input from humans. It spun up several dozen agents that generated six billion tokens of output while working on the proof. Along the way, they proved no fewer than 29,500 intermediate theorems. Anthropic's initial attempt to formalize Wiles' proof was unsuccessful. According to the company, the breakthrough came when it gave Claude access to an open-source tool called Prove2Me. The software makes it easier for AI agents to determine the optimal next step in a lengthy processing workflow. Prove2Me also helps lower inference costs. "We see autoformalization of algebra, harmonic analysis, geometry and number theory, and we learn that AI autoformalization artefacts are now robust enough to be built upon; the proof is multi-layered," said Kevin Buzzard, a mathematician whose work Claude used to generate its formalized proof. The milestone comes a month after Anthropic detailed another LLM-driven mathematical advance. The company used Claude to discover new information about the Riemann zeta function, a closely studied mathematical object. It's the center focus of the Riemann hypothesis, one of the world's most difficult conjectures. Rival OpenAI Group PBC is also harnessing its LLMs to advance mathematics research. Last month, the company used its latest Astra model to solve several Erdos problems and narrow a number of open questions in theoretical computer science.
Anthropic IPO: Prospectus delayed, listing expected in October
Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the U.S. midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what some investors have said could be a $2 trillion listing, one of the largest IPOs ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalize a $15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said. Bloomberg News earlier reported that Anthropic was in talks to expand the facility to $15 billion. Companies typically leave a few weeks between analyst meetings and making the IPO prospectus public, although Anthropic is expected to have a tighter window because analysts already know the company well, the person said. Anthropic declined to comment. The offering is expected to be one of the most closely anticipated IPOs ever, as investors look to public markets for exposure to the rapidly growing artificial intelligence industry. It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX went public in June at a record $1.77 trillion valuation. Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO, according to people familiar with the matter. The banks declined to comment. Published on September 5, 2026
Anthropic shifts IPO launch to mid-Oct, eyes listing before mid-term polls
Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the U.S. midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what some investors have said could be a $2 trillion listing, one of the largest IPOs ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalize a $15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said. Bloomberg News earlier reported that Anthropic was in talks to expand the facility to $15 billion. Companies typically leave a few weeks between analyst meetings and making the IPO prospectus public, although Anthropic is expected to have a tighter window because analysts already know the company well, the person said. Anthropic declined to comment. The offering is expected to be one of the most closely anticipated IPOs ever, as investors look to public markets for exposure to the rapidly growing artificial intelligence industry. It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX went public in June at a record $1.77 trillion valuation. Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO, according to people familiar with the matter. The banks declined to comment.
Breaking: Anthropic IPO Eyes October Launch At $2 Trillion Valuation To Beat SpaceX
Elon Musk-backed Anthropic is readying itself for its debut in the public markets in October. The company is now anticipated to begin marketing itself to investors as early as mid-month, sources with knowledge of the situation said Friday. The Anthropic IPO listing might happen just days ahead of the U.S. midterm elections in November. Experts eye a $2 trillion valuation for the AI startup and some even expect it to beat the historic SpaceX IPO debut. Anthropic Pushes Back IPO Prospectus The company has revised its estimated filing schedule. It was previously thought its IPO prospectus would be made public as soon as next week. That has been postponed to late September, two sources with knowledge of the timing said. The prospectus is a significant first step in Anthropic's journey to going public. There is not a definite time yet. The company may still make changes to the schedule as preparations proceed. According to some investors, the potential valuation of Anthropic IPO is at approximately $2 trillion, which is the valuation range of IPO. The size would make this offering one of the biggest seen in world equity markets. The $15 Billion Plan In Focus Anthropic is also making other efforts to round up a big financing round before it gets further into the IPO process. The company is looking to complete a $15 billion revolving credit facility. Earlier, Bloomberg News had reported that Anthropic was considering upgrading the facility to $15 billion. The following day, analysts will be invited to meet with the company following the financing. Those meetings are usually held weeks prior to the prospectus for an IPO being made public. Anthropic could help bridge that divide, though, since analysts at the banks are already well acquainted with the company, one of the people said. However, Anthropic did not respond to reports of plans, according to Reuters report. Meanwhile, the banks in the planned offering include Morgan Stanley, Goldman Sachs, JPMorgan and Citi, people familiar with the situation said. Moreover, the Anthropic IPO comes at a time when major AI companies are contemplating going public. OpenAI is also one of the AI companies which are being connected to a future listing. The market is pricing in odds of OpenAI vs. Anthropic IPO going live first. Another recent example of what big tech firms can achieve was seen during the recent SpaceX IPO in June. SpaceX, the company that was founded by Elon Musk, went public in June for $1.77 trillion. The timeline of Anthropic's remains is still dependent on a number of steps. The final schedule may be subject to change based on regulatory reviews, financing options, and market conditions. For tokenized stock trading, visit our page on Best Platforms To Trade Tokenized Stocks.
Exclusive-Anthropic IPO launch shifts toward mid-October, sources say
Sept 4 - Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the U.S. midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what some investors have said could be a $2 trillion listing, one of the largest IPOs ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalize a $15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said. Bloomberg News earlier reported that Anthropic was in talks to expand the facility to $15 billion. Companies typically leave a few weeks between analyst meetings and making the IPO prospectus public, although Anthropic is expected to have a tighter window because analysts already know the company well, the person said. Anthropic declined to comment. The offering is expected to be one of the most closely anticipated IPOs ever, as investors look to public markets for exposure to the rapidly growing artificial intelligence industry. It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX went public in June at a record $1.77 trillion valuation. Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO, according to people familiar with the matter. Goldman Sachs, Citi and JPMorgan declined to comment. Morgan Stanley did not immediately respond to a request for comment. (Reporting by Echo Wang in New York; Additional reporting by Milana Vinn; Editing by Colin Barr and Sanjeev Miglani) Copyright Reuters or USA Today via Reuters Connect This story was originally published September 4, 2026 at 4:48 PM.
Exclusive-Anthropic IPO launch shifts toward mid-October, sources say
Sept 4 - Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listingdays before the U.S. midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the people said, a crucial step that would kick off the final stages of the offering. Now that is not expected until late September, the people added, cautioning that the plans, including the timing, are subject to change. The shift pushes back what someinvestors have said could be a $2 trillion listing, one of the largestIPOs ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry. Companies frequently adjust their IPO schedules as they work through market conditions, regulatory reviews and other preparations, so such changes are not unusual. As part of the IPO process, Anthropic is looking to finalize a $15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are expected to meet with the company, one of the people said. Bloomberg News earlier reported that Anthropic was in talks to expand the facility to $15 billion. Companies typically leave a few weeks between analyst meetings and making the IPO prospectus public, althoughAnthropic is expected to have a tighter window because analysts already know the company well, the person said. Anthropic declined to comment. The offering is expected to be one of the most closely anticipated IPOs ever, as investors look to public markets for exposure to the rapidly growing artificial intelligence industry. It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX went public in June at a record $1.77 trillion valuation. Morgan Stanley, Goldman Sachs, JPMorgan andCiti are among the banks working with Anthropic on the IPO, according to people familiar with the matter. Goldman Sachs, Citi and JPMorgan declined to comment. Morgan Stanley did not immediately respond toa request for comment. (Reporting by Echo Wang in New York; Additional reporting by Milana Vinn; Editing by Colin Barr and Sanjeev Miglani)
Anthropic Weighs Morgan Stanley And Goldman Sachs For Key Roles In $2 Trillion IPO, Says Report
The Claude maker could reportedly file its prospectus as soon as next week, setting the stage for a potential debut in late September or early October. * Morgan Stanley could get the lead role, while Goldman Sachs may handle IPO stabilization, reported the Financial Times. * Anthropic could file its IPO paperwork as soon as next week. * The company could start trading in New York by late September or early October. Anthropic is moving closer to its planned Wall Street debut, with Morgan Stanley and Goldman Sachs expected to secure key roles in a potential $2 trillion IPO. The Claude maker could file its prospectus as soon as next week and is preparing for a roadshow near the end of September, the Financial Times reported. Morgan Stanley, Goldman In Line Morgan Stanley is the frontrunner for Anthropic's "lead left" mandate, stated the FT report, citing four people familiar with the matter. Goldman Sachs, meanwhile, is expected to take the stabilization-agent role, which involves overseeing the early trading sessions after the listing. Morgan Stanley has already been speaking with potential Anthropic investors about the price at which the company could sell its shares. Its lead-left appointment, however, has not been finalized and could still change. JPMorgan, Citigroup and Barclays are also expected to receive leading positions on the offering after providing debt financing to Anthropic. $2T Valuation Could Set Record The IPO could become the largest ever if Anthropic reaches the valuation investors expect. Around half a dozen shareholders have previously said they expect the company to go public at $2 trillion or more, according to the FT report. Anthropic was valued at $965 billion, as of May-end. The timing remains subject to change, but a prospectus filing as soon as next week would mark a major step towards the listing. The offering is also expected to test investor demand for high-growth AI companies following SpaceX's record $86 billion listing at a $1.78 trillion valuation. Banks Battle For AI IPOs Morgan Stanley and Goldman Sachs are also expected to pursue roles on OpenAI's planned IPO, which could come early next year. The lead-left position is particularly valuable because it gives the bank influence over valuation discussions and decisions on stock allocations to hedge funds, institutional investors and sovereign wealth funds. It is also considered a major source of prestige on Wall Street. September Roadshow Planned Anthropic is preparing to meet large investors toward the end of September through a multi-city roadshow. If that schedule holds, the company could start trading in New York in late September or early October. Its debut will come against a backdrop of high volatility in AI stocks, making the listing's performance a closely watched test for the sector. Anthropic Retail View Retail sentiment on Stocktwits for ANTHZZX was 'bullish,' at the time of writing on Friday. Also Read: Trump Administration Plans Post-War Middle East Strategy To Contain Iran, Expand Normalization Between Israel And Regional Neighbors -- SPY, QQQ, DIA In Focus For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Anthropic delays IPO launch to mid-October at earliest, Reuters reports By Investing.com
Investing.com -- Anthropic is now expected to begin marketing its initial public offering in mid-October at the earliest, Reuters reported exclusively on Friday, citing people familiar with the matter. The artificial intelligence company could complete the listing just days before the U.S. midterm elections in November. Anthropic had previously been expected to make its IPO prospectus public as early as next week, a key step toward launching the offering. Publication of the prospectus is now expected in late September, according to the report. The plans, including the timing of the offering, remain subject to change as the company works through preparations for the listing. The revised schedule pushes back what some investors have said could be a $2 trillion listing, potentially making it one of the largest IPOs ever attempted. The offering would also provide a major test of public-market investor appetite for companies benefiting from rapid growth in artificial intelligence. As part of its IPO preparations, Anthropic is seeking to finalize a $15 billion revolving credit facility. Analysts, including those at banks involved in the financing, are expected to meet with the company after the facility is completed. Companies typically leave several weeks between analyst meetings and publishing an IPO prospectus. Anthropic could operate on a tighter timetable as analysts involved in the process are already familiar with the company. Morgan Stanley (NYSE), Goldman Sachs (NYSE), JPMorgan Chase (NYSE) and Citigroup (NYSE) are among the banks working with Anthropic on the IPO. The potential listing comes as investors seek greater public-market exposure to major AI companies. OpenAI is also among the firms considering a potential listing, following SpaceX's record $1.77 trillion public-market debut in June. Anthropic declined to comment on its IPO plans.
