News & Updates
The latest news and updates from companies in the WLTH portfolio.
Snowflake and Anthropic Accelerate Enterprise AI Adoption Driven by Rising Demand for Governed AI
SNOWFLAKE SUMMIT 26--Snowflake (NYSE: SNOW), the AI Data Cloud company, and Anthropic, the AI safety and research company, today announced at Snowflake Summit 26 significant momentum in their strategic partnership. Enterprises are increasingly adopting Anthropic Claude in Snowflake Cortex AI, Snowflake's suite of AI products, driven by growing demand for governed, production-ready AI. Together, Snowflake and Anthropic are helping enterprises move from AI experimentation to production faster. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601623088/en/
Anthropic races toward a Wall Street debut with a confidential SEC filing
Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter in its meteoric rise from a little-known research laboratory to one of the leading AI companies valued at $965 billion. Anthropic said Monday it has submitted a confidential filing with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. "This gives us the option to go public after the SEC completes its review," Anthropic said in a brief statement. "The proposed initial public offering will depend on market conditions and other factors." The company said it hasn't decided on the number or price of shares to be offered. Anthropic said last week it had raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups. Anthropic now has vaulted ahead of its chief rival, ChatGPT maker OpenAI , not only in market value and reported revenue but also on the path to becoming a publicly traded company. "I think we were all expecting OpenAI to go first, so it was a little bit surprising," said Patrick Corrigan, a law professor at Notre Dame University who studies IPOs. "Public investors are going to be comparing them roughly around the same time, and so there seems to be a bit of a first movers' advantage here." Anthropic said it's now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk's rocket and AI company SpaceX , are all expected to become publicly traded. All three have been losing more money than they make, fueling concerns of an AI bubble. Wedbush Securities analyst Dan Ives said Anthropic's move marks a major step for the company to get ahead of OpenAI and "an opening of the floodgates for the IPO market, which has been relatively dormant for a few years, with these three major conglomerates set to go public later this year." Corrigan said the race between Anthropic, OpenAI and SpaceX resembles in some ways the rush by startups to go public in the early internet era. Some of those companies -- like Amazon -- did well, and others infamously failed during the dot-com crash but still left new technology that changed society and work life. "Whenever there is speculation, there's also usually substance and fundamentals," Corrigan said. "The question here is whether the price investors are going to end up paying is going to match up to the substance and fundamentals of what AI is really going to do in the real economy and as a business." Claude's growing popularity has left OpenAI playing catch-up despite its early lead in making ChatGPT a household name that sparked a commercial AI boom. Anthropic also last week launched its newest AI model, called Claude Opus 4.8, boasting that it is even better at coding and other professional work than previous models. OpenAI last reported in March it was heading toward a $852 billion valuation after a $122 billion fundraising round. It has not yet reported filing initial IPO paperwork with the SEC. SpaceX was valued at $800 billion last year, but its value grew to $1.25 trillion after the space exploration company merged with Musk's xAI in February. Musk recently announced plans for one of the biggest stock sales ever and will be able to pitch the offering to investors as soon as this week. IDC analyst Tim Law said it will be a "healthy thing" for the AI industry when these companies are required to provide quarterly earnings reports and disclose some of their technology investments. "We think of these as very mature organizations, but they've had to mature in a very short period," he said. As for bubble concerns, Law, who rode the dot-com IPO wave while working for internet company VerticalNet in the early part of the century, said there's evidence from these AI startups' existing products to show they are on a path not just to profitability but to artificial general intelligence, technology that does work as well as or better than humans. "There are some skeptics around demand. I thoroughly believe the demand is there and will grow," Law said. "I think this funding round may be the thing that enables us to complete the final sprint toward AGI."
Snowflake and Anthropic Accelerate Enterprise AI Adoption Driven by Rising Demand for Governed AI
SNOWFLAKE SUMMIT 26--Snowflake (NYSE: SNOW), the AI Data Cloud company, and Anthropic, the AI safety and research company, today announced at Snowflake Summit 26 significant momentum in their strategic partnership. Enterprises are increasingly adopting Anthropic Claude in Snowflake Cortex AI, Snowflake's suite of AI products, driven by growing demand for governed, production-ready AI. Together, Snowflake and Anthropic are helping enterprises move from AI experimentation to production faster. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601623088/en/ Snowflake and Anthropic are defining how enterprises bring AI to governed data, with Claude in Snowflake Cortex AI powering trusted, production-ready AI agents at scale Building on Snowflake's and Anthropic's expanded partnership from December 2025, which integrated Claude models directly into Cortex AI across all major cloud platforms and established a joint go-to-market strategy, Snowflake and Anthropic are helping global enterprises deploy AI agents on their most critical business data. Anthropic delivers frontier model capabilities through Claude, while Snowflake makes Claude enterprise-ready, bringing it directly to the data, governance, security, and collaboration environment where customers already operate. Through Cortex AI, customers can use Claude with their Snowflake data, deploy AI agents with enterprise-grade controls, and select the Anthropic model that best fits their specific workload without moving sensitive data outside the Snowflake environment. "The rapid adoption of models like Claude through Snowflake Cortex AI reflects a broader shift in what enterprises expect from AI," said Christian Kleinerman, EVP of Product, Snowflake. "Customers want AI that works directly on their governed data, not in isolated systems. We're seeing strong demand across our AI products, with Snowflake Cortex Code becoming the fastest-growing product in Snowflake's history. Together with Anthropic, we're helping organizations move from experimentation to production faster and laying the foundation for the agentic enterprise, where AI, data, and governance work together to drive real business outcomes." "Snowflake customers are increasingly using Claude to power cybersecurity investigations, accelerate financial analysis, build production data apps, and many other workflows," said Steve Corfield, Head of Global Business Development & Partnerships, Anthropic. "Snowflake brings the governed data environment enterprises already rely on, and Claude brings the reasoning to put that data to work. Together we're making it easy for organizations to use trusted AI on their most critical business data." Enterprise Momentum Across Customers and Partners As enterprises operationalize AI across critical workflows, customers are turning to Snowflake and Anthropic to support advanced use cases that require deep context, strong reasoning, and enterprise-grade controls. These include customer support and financial analysis, as well as life sciences research, developer productivity, and sales intelligence where real business context is critical. This momentum spans every industry as organizations look to run AI directly on governed data within the systems where their businesses already operate. Snowflake's partner ecosystem extends this value, helping joint customers design, deploy, and scale Snowflake and Anthropic AI solutions to drive real business outcomes. "As marketing environments grow more complex and data-driven, organizations need solutions that optimize performance while operating within a secure, scalable data foundation," said Hiten Mistry, SVP of Product, Basis. "Leveraging Claude with Snowflake's trusted environment would empower Basis to deliver deeper insights and more automation across the marketing lifecycle. Basis aligns with Snowflake in delivering the transparency, governance, and flexibility that enterprises need to drive measurable outcomes and scale marketing operations." "At Block, we're focused on building an AI-native operating layer that connects intelligent reasoning directly to the trusted data powering our ecosystems across our different brands (including Square, Cash App, and Afterpay)," said Arnaud Weber, Engineering Lead, Block. "By combining Anthropic Claude with Snowflake's governed data platform, our teams can investigate compliance and security issues in real-time, trace controls and requirements, surface operational insights, and automate workflows grounded in trusted enterprise data. Developers are also using Snowflake Cortex Code to build and operationalize these capabilities directly within Snowflake, creating a unified layer where AI can move seamlessly from analysis to action. This approach helps us reduce friction across investigations and decision-making, while maintaining the governance, performance, and scalability needed to apply AI responsibly across financial services and commerce." "Carvana manages a highly dynamic operation spanning inventory, logistics, financing, and customer demand," said Alex Devkar, Senior Vice President of Engineering and Analytics, Carvana. "That complexity makes AI most powerful when it can work securely with governed enterprise data inside the systems our teams already use. By combining Claude with Snowflake, we can move faster, apply AI more effectively, and maintain the controls required to operate at scale." "Our work with Snowflake and Anthropic brings together leading AI capabilities with a governed data foundation, enabling organizations to embed intelligence directly into their core business processes," said Jason Salzetti, Chair and CEO, Deloitte Consulting LLP. "Deloitte plays a critical role in helping clients design, build, and scale these solutions, accelerating time to value while supporting the alignment of AI to enterprise standards for risk, compliance, and performance. This collaboration is helping our joint clients turn AI ambition into measurable business outcomes." "As cyber threats become more sophisticated and move at machine speed, organizations need AI that can reason deeply while operating within a secure, governed data environment," said Dustin Hillard, CPTO, eSentire. "By leveraging Claude within Snowflake's trusted environment, we're able to power AI-led threat investigations that autonomously handle Tier 1 analysis, freeing our SOC analysts to focus on complex threats with greater speed and precision. This approach gives our customers the transparency, governance, and operational scale required to confidently deploy AI in mission-critical cybersecurity workflows." "At Indeed, our mission is to help people get jobs. We use intelligent, AI-driven solutions to make the hiring process seamless and efficient for everyone," Trey Henninger, VP Data and Analytics, Indeed. "Harnessing Anthropic Claude within Snowflake's trusted AI Data Cloud allows us to make our data interactable for all Indeed employees. This shift to self-service analytics means we move from data to insights much faster, ultimately improving the hiring process with personalized experiences for job seekers and sophisticated, data-driven tools for employers." "Notion is defining how AI and enterprise data come together in the modern workspace, bringing intelligence directly into the flow of everyday work," said Ravi Menon, Head of Data, Notion. "By integrating models like Claude with Snowflake's governed data platform, we're giving teams the ability to generate content, synthesize knowledge, and access real time business insights all in one place. We've created agents like Data Scout that pull directly from Snowflake, helping customers move from question to insight to action without friction. The result is a more powerful and trusted experience, where AI is grounded in secure, reliable data and teams can make faster, more confident decisions." Snowflake and Anthropic Co-Innovate to Bring Governed AI to the Enterprise Snowflake and Anthropic are partnering closely to help enterprises build AI that is powerful, secure, and deeply grounded in their business context. The two companies have rapidly expanded their co-innovation, working in lockstep to bring advanced AI capabilities into production for enterprise customers. This deep collaboration reflects a shared commitment to making AI practical, governed, and scalable for real business use cases. Key areas of innovation include: * Apply advanced AI to governed enterprise data: Snowflake brings Anthropic Claude models into Cortex AI so customers can use frontier reasoning across all data types while maintaining Snowflake governance and security controls. * Empower knowledge workers to turn data into action: Snowflake Intelligence, the personal agent that helps you work smarter, is powered by industry-leading models like Claude to enable natural language queries, reasoning across enterprise data, and helps turn insights into action. By combining deep business context with trusted governance and frontier AI models, Snowflake Intelligence helps teams move beyond static dashboards to uncover the "why" and accelerate faster, more confident decision-making. * Accelerate developer productivity on enterprise data workloads: Snowflake Cortex Code, the coding agent where you build faster, which has become Snowflake's fastest-growing product ever with more than 7,100 users, is also powered by leading models like Claude. It is purpose-built for Snowflake schemas, data apps, and workflows. It translates a single prompt into production ready pipelines and apps, making it ideal for enterprises managing complex data and governance in Snowflake. Enterprises already using Claude Code for software, API, and app development can securely bring governed Snowflake data into their development workflows through the Cortex Code plugin for Claude Code. * Build production-ready AI agents on trusted data: Cortex Agents, Snowflake's framework for building enterprise AI agents, enables customers to build agents that retrieve, reason over, and act on governed enterprise data, with Claude supporting a range of use cases including customer support automation, data analysis, and core operations. * Simplify how enterprises engage and scale AI investments: As one of six launch partners in the Claude Marketplace, Snowflake is working with Anthropic to simplify procurement and unlock joint commercial models, enabling customers to apply existing Anthropic commitments toward Snowflake AI capabilities and consolidate their AI spend. * Strengthen security and responsible AI deployment: Snowflake and Anthropic share a commitment to enterprise-grade security, governance, and responsible AI, including collaboration on emerging Claude Code Security capabilities that help organizations identify, assess, and remediate vulnerabilities with built-in human oversight. Learn More: * Get started with Anthropic and Snowflake in this quickstart. * Check out all the innovations and announcements coming out of Snowflake Summit 26 on Snowflake's Newsroom. * Stay on top of the latest news and announcements from Snowflake on LinkedIn and X, and follow along at #SnowflakeSummit. About Snowflake Snowflake is the platform for the AI era, making it easy for enterprises to innovate faster and get more value from data. More than 13,900 customers around the globe, including hundreds of the world's largest companies, use Snowflake's AI Data Cloud to build, use and share data, applications and AI. With Snowflake, data and AI are transformative for everyone. Learn more at snowflake.com (NYSE: SNOW). Forward‑Looking Statements This press release contains express and implied forward-looking statements, including statements regarding (i) our future operating results, targets, or financial position; (ii) our business strategy, plans, opportunities, or priorities; (iii) the release, adoption, and use of our new or enhanced products, services, and technology offerings, including those that are under development or not generally available; (iv) market size and growth, trends, and competitive considerations; (v) our vision, strategy and expected benefits relating to artificial intelligence (AI), the enterprise AI revolution, Snowflake Cortex AI, Snowpark, Snowflake Marketplace, the AI Data Cloud, and AI Data Clouds for specific industries or product categories, including the expected benefits and network effects of the AI Data Cloud; and (vi) the integration, interoperability, and availability of our products, services, and technology offerings with and on third-party products and platforms, including public cloud platforms and AI models. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading "Risk Factors" and elsewhere in the Quarterly Reports on Form 10-Q and the Annual Reports on Form 10-K that Snowflake files with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forward-looking statements as predictions of future events. © 2026 Snowflake Inc. All rights reserved. Snowflake, the Snowflake logo, and all other Snowflake product, feature and service names mentioned herein are registered trademarks or trademarks of Snowflake Inc. in the United States and other countries. All other brand names or logos mentioned or used herein are for identification purposes only and may be the trademarks of their respective holder(s). Snowflake may not be associated with, or be sponsored or endorsed by, any such holder(s). View source version on businesswire.com: https://www.businesswire.com/news/home/20260601623088/en/
Dow Jones Top Company Headlines at 9 PM ET: Google Seeks $80 Billion for AI Buildout; Berkshire Will Buy $10 Billion Stake | Anthropic ...
Google Seeks $80 Billion for AI Buildout; Berkshire Will Buy $10 Billion Stake The company says it will use the money to finance data-center expansion and secure computing capacity. ---- Anthropic Files to Go Public in Blockbuster Year for IPOs The filing could put the company behind Claude on a path to go public this fall, assuming it proceeds as planned. ---- HPE Pulls Forward Long-Term Targets as Surging AI Compute Demand Boosts Revenue The server and networking company pulled forward its long-term financial targets by two years after reporting second-quarter earnings that blew past Wall Street expectations, citing rampant compute demand from customers transitioning to artificial-intelligence tools. ---- Activist Elliott Builds Stake in Northern Star, Seeks Strategic Review Elliott Investment Management is seeking a strategic review of Australia's largest gold miner following significant underperformance compared with peers. ---- FedEx Freight CEO Says Self-Driving Trucks Are Ready for Prime Time After two years of testing, "the technology is there," says CEO John Smith. Now the ball is in the regulators' court. ---- Verra Mobility CEO Quits Amid Contract Turmoil. Search for Successor Is On. The news follow's Verra Mobility's disclosure on May 26 that Avis Budget Group was terminating its contract. ---- '60 Minutes' Staff Meeting Turns Hostile for New Executive Producer Nick Bilton was greeted with open hostility from high-profile correspondent Scott Pelley, according to people at the gathering. ---- Saylor's Strategy Sells Bitcoin for First Time Since 2022 The bitcoin-hoarding firm says it sold the cryptocurrency to fund distributions on its preferred stock. ---- OpenAI Sued by Florida's Attorney General Over AI Harms The lawsuit alleging ChatGPT is an unsafe product follows a criminal investigation over its role in a campus mass shooting. ---- Nvidia Introduces First PCs Designed for AI Agents The chip giant will work with manufacturers including Dell, Lenovo and HP to make the laptops, designed to support agentic computing. ---- Quantinuum Upsizes IPO. The Year's Biggest Quantum Offering Is Getting Even Bigger. The Honeywell-owned quantum company is set to make its trading debut as soon as this week. ---- People Inc. Offers to Buy Rest of MGM Resorts, Valuing Company at Around $12.4 Billion Barry Diller, whose company already owns a 26% share of casino giant, said MGM's potential isn't being fully realized in the public markets. ---- Wise Group Faces Court Summons Over Money Laundering Probe The London-headquartered group said it was working with the Brussels prosecutor to respond to queries, adding that no specific findings had been shared with the company. ---- JetBlue Seeing Strong Demand Across All Geographies JetBlue Airways said it is seeing strong demand across all geographies and cabins even as surging fuel costs force airlines to raise prices and cut routes. ---- Motorola Solutions to Buy Counter-Drone Technology Company for $1.5 Billion Motorola Solutions has signed a deal to buy D-Fend Solutions for $1.5 billion, adding increasingly important counter-drone technologies to its portfolio of safety and security solutions. (END) Dow Jones Newswires June 01, 2026 21:15 ET (01:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Anthropic Confidentially Files for IPO, Beating OpenAI
AI giant Anthropic has confidentially filed for a U.S. initial public offering, the company said on Monday, edging ahead of rival OpenAI in a closely watched race to reach public markets. The move sets up an early test of whether investor appetite for artificial intelligence, which has fueled lofty private valuations and talk of potential trillion-dollar listings, will hold up under public scrutiny, and which company gets to set the template for how the fast-growing sector is valued. Anthropic, which makes agentic coding assistant Claude Code, did not disclose the size or the terms of the offering. It last raised $65 billion at a post-money valuation of $965 billion in late May, putting it ahead of OpenAI. The listing would represent one of the most consequential stock market debuts in years, potentially reshaping benchmark indexes, investor flows and the broader narrative driving U.S. equities. Reuters reported in May that OpenAI was also preparing to confidentially file for a U.S. IPO in the coming weeks. That follows SpaceX's mega-IPO filing, which is on course to rewrite the record books as the Elon Musk-led company pursues a $75 billion offering at a $1.75 trillion valuation and could begin trading within two weeks. Confidential submissions let companies advance IPO preparations while shielding sensitive financial details from rivals and the public. "Filing shortly after SpaceX allows Anthropic to capitalize on strong investor interest in AI and growth stocks while the window remains favorable," Kat Liu, vice president at IPO research firm IPOX, said. "Anthropic's valuation ambitions appear far less aggressive in comparison (to SpaceX) than they might have looked in isolation." RACE FOR AI DOMINANCE OpenAI and Anthropic have become the face of the AI boom that has redrawn corporate strategies, sparked a global arms race for computing power and talent, and turned AI-linked companies into some of the market's most richly valued firms. "For OpenAI, the conventional read is that Anthropic just seized the narrative advantage by filing first," said Harrison Rolfes, a senior analyst at PitchBook. "The unconventional read is that OpenAI got the better end of this: Anthropic just volunteered to absorb all the disclosure risk first, and OpenAI now has a free option to watch how institutional investors react to audited frontier AI financials before committing to its own price." On prediction markets, where traders wager on the outcome of future events, most participants had expected, opens new tab OpenAI to file for an IPO before Anthropic. OpenAI CEO Sam Altman said in a CNBC interview that he is not focused on the timing of a potential initial public offering for the ChatGPT maker, following news of Anthropic's confidential filing. He added that the company will go public when it makes sense to do so. Anthropic's valuation has more than doubled from $380 billion in February, when it raised $30 billion in a funding round. The company's rapid rise in early 2026 rattled markets, triggering sharp selloffs in software and IT stocks as investors worried its increasingly autonomous AI tools could upend traditional business models and accelerate disruption across industries. Its latest funding round drew backing from a mix of Silicon Valley and Wall Street investors, including Blackstone, Brookfield, D1 Capital Partners, GIC, General Catalyst and Insight Partners. A MARKET MILESTONE As a slew of blockbuster listings races toward public markets, companies from SpaceX to AI giants are competing for a finite pool of investor capital. Analysts, including D.A. Davidson's Gil Luria, said the two companies were racing to go public before capital on Wall Street ran out, and to set the agenda for how a frontier AI model - one that pushes the boundaries of what machines can do in language, reasoning, or coding - reports financials in a way that is favorable to their financial model. "The combined demand for capital from SpaceX, OpenAI and Anthropic will be so considerable that it is likely to create disruptions in the capital markets, so going early will be a great advantage," Luria said. At a valuation of close to $1 trillion, Anthropic would vault to the top tier of the S&P 500, alongside a handful of elite companies that dominate global equity markets. The IPO market has regained momentum in recent weeks, with companies raising $87.5 billion through May 26, the highest year-to-date global total since 2021, according to Dealogic data. Several sizable U.S. IPOs are also set to hit the market later this week, including Honeywell-backed quantum computing firm Quantinuum, Blackstone-backed Liftoff and gas engine manufacturer Innio.
Anthropic grants EU access to Mythos, the power AI that autonomously found 10,000 zero-day flaws | Mint
Anthropic will finally grant the EU access to Mythos. The company has been having discussions with the bloc for weeks and is finally said to be giving in to the pressure to handle its most powerful AI model. Anthropic is finally giving in to European Union's demands to allow the bloc access to its most advanced Mythos AI model. European Commission has confirmed that it had several 'productive meetings' with the San Francisco based AI startup regarding getting access to Mythos, CNBC reported. Notably, ever since Anthropic unveiled Mythos a couple of months ago there have been widespread concerns about the cybersecurity implications of the model. The company has so far refrained from releasing Mythos publicly due to some of these concerns, instead granting access to a select group of companies under its Project Glasswing initiative to help protect against cyberattacks. EU tech sovereignty spokesperson Thomas Regnier told CNBC in an emailed statement, "We welcome the latest developments on potential future access," "Let's not forget that Mythos is not one off, a new wave of powerful models are coming to the market... This is a shared challenge, and we are intensifying our discussions with like-minded partners, including the United States." Regnier added Reportedly, EU had been having discussions with the US administration in the past week to secure access to Mythos after Anthropic told the commission it needed government permission to share the model. US is said to be against sharing Mythos with foreign governments as a whole as it tries to maintain its dominance as the AI leader of the world. Notably, EU has already secured access to OpenAI's GPT-5.5 Cyber model in May but the European commission had been holding meetins with Anthropic to get a hold of its most powerful model.
ChatGPT vs Gemini vs Claude vs Perplexity: The 2026 AI Engine Landscape
Updated June 2026. Originally published 2023 when Bard launched, refreshed for the AI Communications era -- including Bard's rebrand to Gemini, the rise of Claude and Perplexity, and the structural shift to AI Overviews. Gemini (formerly Bard) vs ChatGPT vs the Modern AI Engine Landscape When this piece was originally published in May 2023, the AI chatbot landscape was simple: ChatGPT had taken the internet by storm, and Google had just launched Bard as its first answer. Three years later the landscape looks completely different. Google Bard has been rebranded to Gemini and integrated across Google's product suite. Anthropic's Claude has emerged as one of the most-used AI engines among professionals and developers. Perplexity has become the dominant answer-engine for citation-driven research. ChatGPT itself has gone through multiple GPT model generations. And the most important structural change -- Google AI Overviews now mediates a substantial share of all U.S. search queries with AI-generated answers above the traditional ten blue links. This piece compares the modern AI engine landscape and what it means for marketers, communicators, and brands operating in the answer-engine era. The Five Major AI Engines in 2026 ChatGPT (OpenAI) Launched November 2022, ChatGPT remains the largest single AI chatbot by consumer adoption. The product has gone through GPT-3.5, GPT-4, GPT-4o, and subsequent model generations. ChatGPT now offers web browsing, file uploads, image generation, voice mode, and integration with custom tools. The user base spans casual consumers, students, professionals, and developers. ChatGPT is generally regarded as strong on writing, summarization, brainstorming, and conversational tasks. Gemini (Google, formerly Bard) Google rebranded Bard to Gemini in February 2024 and has continued to expand the product across Google's surfaces -- the standalone Gemini app, the AI Overviews appearing in Google Search results, the AI-powered features in Gmail, Docs, Sheets, and the broader Workspace suite, and the Android assistant integration. Gemini's strengths reflect Google's data and infrastructure advantages: real-time web access, multimodal capability, integration with the broader Google ecosystem, and the unique distribution that places AI answers in front of billions of daily searchers. Claude (Anthropic) Anthropic's Claude has emerged as one of the most-used AI engines among professionals, developers, and enterprise users. Claude is generally regarded as strong on long-form writing, complex reasoning, coding, and tasks requiring careful instruction-following. The user base skews professional and technical relative to ChatGPT's broader consumer reach. Claude is available through the standalone Claude app, the API, and integration with platforms like Slack and increasingly the broader enterprise software ecosystem. Perplexity Perplexity launched as an "answer engine" -- an AI-powered search experience that returns synthesized answers with explicit citations to the sources. The product has become the dominant tool for citation-driven research, professional information work, and any use case where users need to verify the source of an AI answer. Perplexity's growth has been particularly strong among researchers, journalists, financial analysts, and other professionals whose work depends on traceable sourcing. Google AI Overviews Not a chatbot but the most consequential AI engine in the search market. AI Overviews are the Google-generated AI summaries that now appear above traditional search results on a substantial share of U.S. queries. For brands, AI Overviews are the single most important AI surface to optimize for, because they intercept buyer research at the moment of intent. The brand mentioned inside the AI Overview wins the consideration. The brand omitted is invisible. The Original Comparison -- What Changed Since 2023 When this piece was first written, the comparison was simpler. ChatGPT was trained on data up to 2021 and could not browse the web. Bard used Google's real-time web access. ChatGPT used GPT-3.5 (with GPT-4 in the paid tier). Bard used PaLM 2. Both were "in the initial phases of learning." The structural changes since: * Real-time web access is now standard across all major AI engines, not a Bard differentiator. * Bard became Gemini and the underlying model migrated from PaLM 2 through the Gemini model family. * ChatGPT's training data window moved forward through multiple model generations. * The "summarizing and writing vs. comprehensive answers" distinction has largely collapsed -- all major AI engines now do both well. * The arrival of Claude and Perplexity changed the landscape from a two-horse race into a multi-engine ecosystem where buyers and professionals use different engines for different tasks. * The arrival of AI Overviews made the comparison less about chatbot UX and more about which AI surfaces mediate buyer research. What This Means for Brands and Communicators Three implications: 1. Citation Share across multiple engines is the new metric. Brands need to measure their appearance inside ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews -- not just one engine. The brand that appears inside three of five engines is differently positioned than the brand that appears inside only one. 2. Generative Engine Optimization (GEO) is the new discipline. The optimization work that made content findable in Google has evolved. GEO is the practice of structuring content, building editorial authority, and creating the citation patterns that AI engines reward. 3. AI Communications is the new function. Public relations, digital marketing, GEO, and AI-visibility research now combine into a single discipline. The firms and in-house teams that operate across this stack are pulling ahead of teams still organized around the pre-AI playbook. Other AI Engines and Tools Worth Knowing Beyond the five major engines above, the AI tool landscape includes specialist products (Jasper for marketing content, Cursor and GitHub Copilot for code, Midjourney and DALL-E for image generation), open-source models (Meta's Llama family, Mistral, others), enterprise-focused offerings, and the Chinese AI ecosystem (Baidu's Ernie, ByteDance's Doubao, DeepSeek). For Western brands building AI Communications strategies, the five major engines covered above are the priority. The specialist and open-source tooling supports the workflow but does not currently mediate buyer research at scale. Frequently Asked Questions Is Google Bard the same as Gemini? Yes. Google rebranded Bard to Gemini in February 2024 and consolidated its consumer and enterprise AI offerings under the Gemini name. The underlying model and the product surface have continued to evolve. Which AI engine is best for which task? ChatGPT remains the leading consumer AI for general use. Claude is preferred by many professionals for long-form writing and complex reasoning. Perplexity is the dominant citation-driven research tool. Gemini wins on Google ecosystem integration and AI Overviews distribution. The right answer depends on the task -- and most professionals now use multiple engines for different jobs. What is the most important AI engine for brand visibility? Google AI Overviews, because of its reach inside Google Search where most consumer and B2B research still begins. ChatGPT, Claude, Perplexity, and Gemini are also important -- measurement and optimization should cover all five for any brand serious about AI Communications. How should marketers prepare for the AI Communications era? Build Citation Share measurement across the five major engines, develop Generative Engine Optimization (GEO) capability, accumulate editorial authority through original reporting and named expert voices, and reorganize the marketing and communications function around AI Communications as an integrated discipline rather than treating AI as a content-generation tool inside the existing function.
Explained: Anthropic just filed for an IPO at a $965 billion valuation; here's what that actually means
OpenAI is racing to list before Anthropic. Anthropic is racing to list before OpenAI. The public markets are about to decide which AI lab is actually worth more. The AI lab behind Claude has filed confidentially for a US initial public offering. The IPO move came on June 1, 2026, just days after Anthropic closed a $65 billion funding round at a near-trillion-dollar valuation. It set off what could be one of the most consequential cluster of tech listings since the dot-com era. Here is what is happening, why it matters, and what it means for the broader AI industry. Advertisement From safety lab to IPO candidate Anthropic was founded in 2021 by Dario Amodei, his sister Daniela Amodei, and a group of researchers who left OpenAI over concerns about that company's direction. The goal from day one was to build AI systems that were safe and interpretable. The business pitch was slower and more cautious than the competition. That reputation has not gone away. But the numbers now tell a different story. The company's annualised revenue run rate stood at around $4 billion in mid-2025. By the end of that year it had crossed $9 billion. By April 2026, it had passed $30 billion. Anthropic has told investors the run rate will exceed $50 billion by the end of July, representing roughly an 80-fold increase in annualised revenue over two years. That kind of growth is almost without precedent in enterprise software history. Also Read: With $965 billion valuation, Anthropic rewrites the AI pecking order; OpenAI is now second What sparked the revenue explosion Claude Code is the single biggest driver. The product, a coding assistant built on top of Anthropic's models, became generally available in May 2025. It caught on fast with developers and enterprises alike. By the time of Anthropic's Series G announcement in February 2026, Claude Code had already passed $2.5 billion in its own annualised revenue run rate. The broader enterprise business has kept pace. More than 1,000 business customers now spend at least $1 million annually with Anthropic, and eight of the Fortune 10 are Claude customers. A few years ago, the company had fewer than 1,000 business customers of any size. Now it has over 300,000. Roughly 80 percent of Anthropic's revenue comes from enterprise customers, compared with around 40 percent for OpenAI. That skew toward corporate clients means Anthropic's revenue tends to be stickier. Enterprise contracts are harder to cancel than individual subscriptions. The filing and what it means On June 1, 2026, Anthropic submitted confidential registration statement to Securities and Exchange Commission. The company has yet to determine how many shares it will sell or at what price, but the filing paves the way for a proposed initial public offering of common stock. Confidential filings are standard for large pre-IPO companies. They let the SEC review documents privately before the company faces public scrutiny. Anthropic has said the move "gives us the option to go public after the SEC completes its review," stopping short of committing to a firm date or price. The groundwork started much earlier. Back in December 2025, the Financial Times reported that Anthropic had hired the law firm Wilson Sonsini to begin preparing for a potential listing. Preliminary conversations with investment banks followed. Goldman Sachs, JPMorgan Chase, and Morgan Stanley are widely expected to compete for lead underwriting roles. The valuation story Anthropic's valuation has moved fast and in one direction only. Since its founding in 2021, Anthropic has raised over $23 billion, with its last primary funding round in September 2025 bringing its valuation to $183 billion. That round was already enormous by any historical standard. Then came the acceleration. In late May 2026, Anthropic announced a $65 billion Series H financing at a $965 billion valuation, led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. The round pushed Anthropic's private valuation past OpenAI's for the first time. The company expects to report $10.9 billion in revenue for the second quarter of 2026, more than doubling the $4.8 billion it generated in Q1, and exceeding its entire 2025 annual revenue in a single quarter. The margin picture is thinner. Anthropic's projected $559 million operating profit in Q2 represents a roughly 5 percent margin, thin for a company seeking a near-trillion-dollar public valuation. The economics of running frontier AI models at scale are expensive. Compute costs are the main culprit. The infrastructure bet Running Claude at scale requires a staggering amount of computing power. Anthropic has been signing major infrastructure deals to keep up. In October 2025, Anthropic said it planned to use up to one million Google TPUs in an expansion worth tens of billions of dollars. In April 2026, the company followed with a new Google and Broadcom agreement for multiple gigawatts of next-generation TPU capacity beginning in 2027. In November 2025, Anthropic committed to purchase $30 billion of Azure compute capacity, while NVIDIA and Microsoft committed to invest up to $10 billion and $5 billion respectively in Anthropic. More recently, it struck an agreement with SpaceX to use available compute at the Colossus 1 data center in Memphis, Tennessee, paying SpaceX $1.25 billion per month through May 2029. The diversity of supply matters here. Claude now runs across AWS Trainium, Google TPUs, and NVIDIA GPUs. Relying on a single cloud provider would be a real vulnerability for an IPO candidate. Having multiple compute sources gives Anthropic more negotiating leverage and reduces the risk of a single vendor becoming a bottleneck. Racing OpenAI to the bell The IPO contest between Anthropic and OpenAI has taken on a life of its own. OpenAI is preparing for a public listing in the fourth quarter of 2026, and executives there are reportedly concerned about being beaten to the public market by Anthropic. Whichever company lists first is likely to capture the largest share of early investor enthusiasm. OpenAI was valued at $852 billion in late March after closing a record-breaking $122 billion funding round. That made Anthropic's subsequent $965 billion valuation all the more pointed. The revenue comparison is close but tilting. OpenAI generated $5.7 billion in revenue during the first quarter of 2026, beating Anthropic by nearly $1 billion for that period, according to The Information. But Anthropic's growth rate has been steeper, and its enterprise concentration gives it a different risk profile. OpenAI has roughly 900 million weekly active users, while Anthropic's monthly active user base sits at around 134 million. Anthropic has fewer users but extracts more revenue per customer, a profile that public market investors in enterprise software tend to reward. Questions that remain The filing does not settle everything. There are real open questions. Margins are the obvious one. Anthropic is spending heavily on compute, safety research, and talent. A 5 percent operating margin at a near-trillion-dollar valuation is a hard story to tell. Public investors will want to see a path to durable profitability, not just revenue growth. The compute dependency is another risk. The central question is not whether Claude is popular. The harder question is whether demand can produce durable margins after the company pays for AWS Trainium, Google TPUs, NVIDIA GPUs, Azure capacity, data centers, power, networking, and safety research. And then there is the broader moment. Anthropic's IPO filing, combined with OpenAI's expected filing and SpaceX's already-submitted paperwork, means the fall 2026 IPO window could see more than $200 billion in new public market value from three companies alone. The entire US IPO market raised just $45 billion in all of 2025. The demand for that much capital, all at once, is itself an open question. What comes next Anthropic is waiting on SEC review before setting a price or a date. The company has not committed publicly to going through with a listing at all. But the filing is the strongest signal yet that it intends to. The AI industry is watching closely. A successful Anthropic IPO would give it access to public capital markets, make acquisitions easier, and provide a liquidity event for the many investors who have backed it since 2021. It would also send a signal about what the public markets think AI companies are actually worth, not just what private investors believe in a room.
Bernie Sanders unveils bold plan to hand Americans half of OpenAI and Anthropic
Sen. Bernie Sanders has unveiled a sweeping legislative proposal for artificial intelligence giants. In an opinion piece published in the New York Times on June 1, the Vermont senator outlined what he is calling the American A.I. Sovereign Wealth Fund Act. This comes at a time when some of the major tech and AI giants are gearing up for their public debut. A 50% stock tax on AI giants Sanders said the bill would impose a one-time 50% tax, paid in stock rather than cash, on companies like OpenAI, Anthropic, and xAI. Interestingly, Anthropic revealed confidentially filing for an IPO the same day Sanders' op-ed went live. Although the details are not public yet, it did beat its rival OpenAI in the IPO race. Meanwhile, xAI is no longer a single entity. SpaceX acquired it in a record $1.25 trillion merger to build the SpaceXAI division focusing on orbital data centers for AI compute. Now SpaceX itself filed its S-1 with the SEC on May 20, targeting a June 12 IPO and at least $1.8 trillion, which would be the largest listing in history. Under Sanders' proposal, the federal government would acquire half of each major AI company's equity through a one-time levy. Those shares would be placed into a newly created sovereign wealth fund, giving the public voting rights and equal representation on each company's board. "The federal government would have the power, through its voting shares and an equal representation on each company's board, to block decisions that hurt our citizens and to push for policies that help them," Sanders wrote. The senator framed the proposal as a return of value to its rightful owners, arguing that AI was built on the collective creative output of millions, including books, songs, journalism, scientific research, and code, much of which was used without consent or compensation. He also noted that OpenAI itself has proposed a "public wealth fund" giving every citizen a stake in AI-driven growth, and that Anthropic CEO Dario Amodei has endorsed a similar concept. Sanders said the fund's proceeds would initially flow as direct payments to Americans and eventually finance universal access to health care, education, and housing. What it means for crypto public companies While Sanders' bill targets pure-play AI developers, the broader principle could ripple across crypto-adjacent public companies that have pivoted aggressively into AI infrastructure.
Anthropic Begins U.S. IPO Procedures, Timing Dependent on Market Conditions
Valued at $96.5B, Anthropic Aims to Outpace OpenAI in Public Market Debut Amid AI IPO Race Anthropic, the developer of the artificial intelligence (AI) model 'Claude,' has begun procedures for listing on the U.S. stock market. Anthropic announced on the 1st (local time) that it had confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). The confidential filing allows the company to undergo SEC review without disclosing financial and business details publicly, and it can proceed with the listing depending on market conditions once the review is completed. Anthropic stated, "Once the SEC review is finalized, we will have the option to decide whether to proceed with the listing," adding, "The actual decision to go public will depend on market conditions and other factors." The number of shares to be offered and the offering price have not yet been determined. Anthropic recently secured $65 billion (approximately 100 trillion Korean won) in new investment last month, valuing the company at $96.5 billion (approximately 1,460 trillion Korean won). This surpasses the valuation of OpenAI, which was assessed at $85.2 billion (approximately 1,300 trillion Korean won) in March. Both companies, aiming to list within this year, are reportedly competing to secure an early position in the IPO market. Cerebras has already proceeded with its listing, and Elon Musk's SpaceX is also preparing for an IPO. This is interpreted as an attempt to preemptively secure investment funds by advancing the IPO timeline. Gil Luria, an analyst at investment bank D.A. Davison, told Reuters, "OpenAI and Anthropic are racing to go public before their capital runs out." He added, "Another reason Anthropic might aim to enter the public market before OpenAI is to set the financial reporting standards for cutting-edge AI models, thereby establishing criteria favorable to the company." OpenAI is also preparing related documents, such as an investment prospectus for submission to securities authorities, but it has not yet reached the formal filing stage. Meanwhile, according to Agence France-Presse (AFP), Anthropic has decided to provide access to its Claude Mythos model -- which possesses expert-level cybersecurity vulnerability detection capabilities -- to the European Union (EU). Anthropic recently announced plans to release the Mythos-class AI model to the public within weeks after completing security measures.
Piers Morgan Decries Cenk Uygur and Hasan Piker's UK Visa Ban: 'A Colossal Embarrassment'
"By this standard, half of the guests on the show would be banned from Britain," the conservative news host says Piers Morgan criticized the British government for banning controversial internet personalities Cenk Uygur and Hasan Piker from entering the United Kingdom over their anti-Israel sentiments. "There is a huge difference between criticizing the actions of a nationstate and its government and the hate-filled diatribes of Kanye West or Valentina Gomez," he said on Monday's episode of "Piers Morgan Uncensored." "But my country is losing the ability to see that difference. It won't be long before that's something, which threatens all of us." Uygur and his nephew Piker were banned from traveling to the U.K. just days ahead of their scheduled appearance at SXSW London, stating that British authorities cited their public criticisms of Israel. Uygur, co-founder of The Young Turks and a resolute critic of Israel, has been a regular guest on Morgan's program. The British conservative news host even posited that some of Uygur's comments made on the show may have led to him being banned from entering the county. "You may not agree with any of Cenk's positions, but anyone with even the faintest grasp on popular discourse will know they are mainstream opinions, which are freely debated almost every single day," Morgan said. "By this standard, half of the guests on the show would be banned from Britain." Uygur had previously appeared on Morgan's show and said he intended to "greatly offend Israel" and was not sure if he would be arrested for his views. Morgan further defended his repeat guest saying that his rhetoric is not that of "an extremist or a dangerous purveyor of threatening hate speech." "He's mainstream enough to appear along leading Democrats like Ro Khanna and AOC but apparently he's too hot for we Brits to handle," Morgan said. Uygur appeared on "Piers Morgan Uncensored" Monday claiming that the British government claimed he criticized Israel "in the wrong ways." "Over 60% of Americans are critical of Israel, will we all be banned from the U.K.?" he asked. "Can they put out a list of things you're not allowed to say about Israel?" He also pointed at the irony that the British government banned him for entering the country for saying that their government was "controlled by Israel." "Didn't you just prove it?" he said. His nephew, and left-wing political commentator, Piker criticized SXSW for not coming to his defense after being banned from entering the country. Piker said on a Twitch stream Monday that the festival removed his speaker page from the website. "SXSW was a minor part of my trip to the U.K.," Piker wrote on X Monday. "They totally didn't defend me or Cenk at all, they're actual f-king losers and I will never work with them for the rest of my life. If you bought a ticket expecting to see me you should demand a refund." Both SXSW London and the U.K.'s Parliament as the Home Department have issued statements following Uygur and Piker's posts. The Home Office explained that the decision was based "on the grounds that their presence in the U.K. may not be conducive to the public good," adding, "decisions to refuse or cancel an ETA on these grounds are based solely on an assessment of the potential risk an individual may pose to U.K. society." You can watch the full segment in the video above.
Anthropic files for IPO as AI boom fuels race for billions in fresh funding
(New users only) It's tax relief season! Get up to RM300 when you save with Versa! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. SAN FRANCISO, June 2 -- AI giant Anthropic, the maker of the Claude chatbot, announced yesterday that it had filed confidentially for an initial public offering (IPO), as Silicon Valley AI companies look to raise the enormous sums needed to fuel the sector's rapid expansion. A confidential filing lets a company submit its IPO paperwork to the Securities and Exchange Commission (SEC) for review without making its financials and business details public until much later in the process. "This gives us the option to go public after the Securities and Exchange Commission completes its review," the company said in a statement. "The proposed initial public offering will depend on market conditions and other factors." "The number of shares to be offered and the price have not yet been set," the company added. The filing came just days after the company said it raised US$65 billion in a new funding round that valued the OpenAI rival at US$965 billion, putting it on the cusp of a trillion-dollar valuation. The latest fundraising round confirmed Anthropic's place as one of the most significant players in AI, having built its reputation by focusing on delivering generative AI to enterprise clients. Anthropic's valuation puts it ahead of OpenAI, which was valued at US$852 billion in March and is also aiming to go public, with a filing expected imminently. Asked by CNBC about his own company's IPO efforts, OpenAI CEO Sam Altman said that "going public is a financing event. I don't think that's one that we're focused on." "I assume we'll do it (at some point)," Altman added. Founded in 2021 by siblings Dario and Daniela Amodei and other former executives at OpenAI, Anthropic has positioned itself as a safety-focused alternative in the AI race. Musk deal Claude Code, its coding assistant for developers, has become one of its most popular products, helping push its projected annual revenue to US$47 billion. Anthropic's commercial success has been accompanied by difficulties meeting demand for computing power, amid a shortage of chips and servers. In recent months, the company has faced criticism from users complaining that they were exhausting their usage quotas too quickly and having to pay high prices to continue. In response, Anthropic has struck deals to secure several gigawatts of computing capacity from Amazon, Google and Broadcom. Last month, the company signed a surprise agreement with tech billionaire Elon Musk. Musk, who is embroiled in a legal battle against the founders of OpenAI, is leasing access to his Colossus data centers to Anthropic for US$1.25 billion per month. Located in Memphis, Tennessee, the facility had been underutilized by his xAI lab, the creator of the Grok chatbot. Anthropic and OpenAI's IPOs would likely follow Elon Musk's SpaceX to Wall Street. SpaceX, which absorbed Musk's AI company xAI, could see shares begin trading as early as June 12. The company is targeting a valuation of approximately US$1.75 trillion in what would be the largest IPO in history. "We believe this represents an opening of the floodgates for the IPO market, which has been relatively dormant for a few years," said Dan Ives of Wedbush Securities. Anthropic's IPO filing comes as it navigates a legal dispute with the Pentagon, which designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation. -- AFP
Anthropic Files for IPO, Signaling a New Era for Public AI Investments in 2026
Anthropic Files for IPO, Signaling a New Era for Public AI Investments in 2026. Source: Jernej Furman from Slovenia, CC BY 2.0, via Wikimedia Commons Anthropic, the public benefit corporation behind the widely used Claude family of artificial intelligence models, has officially taken a significant step toward becoming a publicly traded company. The AI startup announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock. The confidential filing marks one of the most anticipated developments in the artificial intelligence industry, potentially paving the way for a landmark public debut in 2026. Anthropic has not yet disclosed the number of shares it plans to offer or its target price range. By filing confidentially, the company gains flexibility to move forward with its IPO after the SEC completes its review process and when market conditions become favorable. Anthropic has emerged as one of the leading AI companies globally, supported by substantial investments from technology giants such as Amazon and Google. These strategic partnerships have provided the company with the computing resources required to develop and train advanced AI models. A successful IPO would provide Anthropic with additional capital to fund its research initiatives while also offering liquidity opportunities for early investors and employees. The company's valuation has surged dramatically in recent months. Anthropic reportedly achieved a post-money valuation of approximately $965 billion following a funding round completed in late May. This represented a substantial increase from its previous valuation of $380 billion earlier in the year, highlighting strong investor confidence in the future of generative AI technologies. Anthropic's IPO announcement arrives amid renewed excitement in the public markets. SpaceX is currently pursuing a massive public offering that could become one of the largest in history, while OpenAI is also expected to confidentially file for a U.S. IPO in the near future. Together, these developments suggest a new wave of major technology listings centered around artificial intelligence and innovation. For investors, Anthropic's public debut could provide one of the first direct opportunities to invest in a leading generative AI company. Until now, most AI-related investment exposure has come through large technology firms, semiconductor manufacturers such as Nvidia, and software companies integrating AI into existing products. Market analysts believe Anthropic's move could help revitalize the IPO market after several years of reduced activity. Industry observers are now closely watching the SEC review process and awaiting further details regarding the company's final valuation, offering structure, and expected market debut date.
AI giant Anthropic confidentially files for IPO
SAN FRANCISCO (UNITED STATES) - AI giant Anthropic, the maker of the Claude chatbot, announced Monday that it had filed confidentially for an initial public offering (IPO), as Silicon Valley AI companies look to raise the enormous sums needed to fuel the sector's rapid expansion. A confidential filing lets a company submit its IPO paperwork to the Securities and Exchange Commission (SEC) for review without making its financials and business details public until much later in the process. "This gives us the option to go public after the Securities and Exchange Commission completes its review," the company said in a statement. "The proposed initial public offering will depend on market conditions and other factors." "The number of shares to be offered and the price have not yet been set," the company added. The filing came just days after the company said it raised $65 billion in a new funding round that valued the OpenAI rival at $965 billion, putting it on the cusp of a trillion-dollar valuation. The latest fundraising round confirmed Anthropic's place as one of the most significant players in AI, having built its reputation by focusing on delivering generative AI to enterprise clients. Anthropic's valuation puts it ahead of OpenAI, which was valued at $852 billion in March and is also aiming to go public, with a filing expected imminently. Founded in 2021 by siblings Dario and Daniela Amodei and other former executives at OpenAI, Anthropic has positioned itself as a safety-focused alternative in the AI race. - Musk deal - Claude Code, its coding assistant for developers, has become one of its most popular products, helping push its projected annual revenue to $47 billion. Anthropic's commercial success has been accompanied by difficulties meeting demand for computing power, amid a shortage of chips and servers. In recent months, the company has faced criticism from users complaining that they were exhausting their usage quotas too quickly and having to pay high prices to continue. In response, Anthropic has struck deals to secure several gigawatts of computing capacity from Amazon, Google and Broadcom. Last month, the company signed a surprise agreement with tech billionaire Elon Musk. Musk, who is embroiled in a legal battle against the founders of OpenAI, is leasing access to his Colossus data centers to Anthropic for $1.25 billion per month. Located in Memphis, Tennessee, the facility had been underutilized by his xAI lab, the creator of the Grok chatbot. Anthropic and OpenAI's IPOs would likely follow Elon Musk's SpaceX to Wall Street. SpaceX, which absorbed Musk's AI company xAI, could see shares begin trading as early as June 12. The company is targeting a valuation of approximately $1.75 trillion in what would be the largest IPO in history. Anthropic's IPO filing comes as it navigates a legal dispute with the Pentagon, which designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation.
Anthropic files for IPO, may become $1 trillion publicly listed company
Just days after overtaking its arch-rival OpenAI in valuation, Anthropic is now gearing up for its much-anticipated IPO, a move that could further cement its lead in the AI race. The Claude maker has confidentially filed paperwork for an initial public offering (IPO) in the United States. While details of the IPO remain under wraps, reports suggest that the company's valuation could cross the $1 trillion mark following its stock market debut. Anthropic announced on June 1 that it had confidentially submitted a draft registration statement on Form S-1 to the US Securities and Exchange Commission (SEC) for a proposed IPO of its common stock. While the company has not disclosed how many shares it plans to sell or the price range it is targeting, the filing gives it the option to move ahead with a public listing once regulators complete their review. "Anthropic, PBC confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of our common stock. This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors," the company said in a brief statement. Anthropic also noted that the announcement does not constitute an offer to sell securities and that any future offering would be carried out in accordance with US securities laws. Anthropic could be valued $1 trillion Anthropic's filing comes at a time when investor appetite for AI companies is at an all-time high. With the debut in Wall Street, the Claude maker could reportedly target a valuation of around $1 trillion. If that happens, Anthropic would become one of the most valuable publicly listed companies in the world, and one of the fastest rising startups founded just four years ago by former OpenAI staff. Do not note that a confidential filing does not mean an IPO is coming soon. However the process allows companies to work through regulatory reviews behind closed doors before publicly releasing detailed financial information. According to reports, Anthropic would only need to publish its prospectus at least 15 days before beginning a roadshow to market the offering to investors. Meanwhile, Anthropic's decision to head towards public markets comes at a time when the AI industry is entering a new phase of competition, with companies racing not only to build more capable models but also to secure the massive amounts of capital needed for data centres, chips and infrastructure. By filing first, Anthropic has also moved ahead of OpenAI in the race to reach public markets. The rivalry between the two AI giants has intensified in recent months. Anthropic recently overtook Sam Altman-led OpenAI in private valuation after raising fresh funding at a reported post-money valuation of $965 billion. Multiple reports have since described the Claude maker as the world's most valuable AI start-up. Meanwhile, OpenAI is also expected to confidentially file for its own US IPO in the coming weeks. According to reports, the expected IPOs of Anthropic and OpenAI could spark one of the biggest battles Wall Street has seen in years. With both companies likely to raise tens of billions of dollars to fund their AI infrastructure, data centres and future model development, the competition is surely shifting beyond technology and into the financial markets. And the company that wins over investors first could gain an edge in the race to dominate artificial intelligence.
SpaceX Just Made the Case Against Itself
Reuters dropped a remarkable story last week... Apparently, in the middle of America's active combat campaign against Iran -- with U.S. kamikaze drones conducting strikes deep into Iranian territory -- SpaceX executives sat down with the Pentagon and informed Defense Department officials that the company would be raising its Starlink terminal pricing by five times. The Pentagon had been paying about $5,000 per month per Starlink terminal to power the LUCAS suicide drones it was using against Iran. SpaceX wanted $25,000 per month. The company argued that the drones were drawing on what amounted to a higher-tier aviation service and the military should be paying accordingly. But Pentagon officials pushed back. They argued that LUCAS drones used Starlink connections for only minutes or hours at a time, not the continuous coverage that justified aviation pricing. It didn't matter. With strikes ramping up against Iranian targets and the U.S. military deeply reliant on Starlink connectivity to execute the mission, the Pentagon caved. It agreed to the price hike, nearly doubling the per-unit cost of each LUCAS drone overnight. SpaceX got its money -- and just weeks before SpaceX is set to launch one of the largest IPOs in financial history at an expected valuation of roughly $1.75 trillion. However, this dispute is just the latest in a string of clashes between SpaceX and the Pentagon over Starlink pricing. And it could come at a future cost... What This Actually Tells Us About SpaceX I'll be honest. I've been skeptical -- even critical -- of Elon Musk and his ventures for a long time. And stories like this are exactly why. There is no other major American defense contractor that could -- or maybe even would -- pull a stunt like this in the middle of a shooting war and get away with it. If Lockheed Martin tried to raise the price of F-35 maintenance contracts during a live combat operation, it would face congressional hearings within 48 hours. If RTX demanded an emergency premium on Patriot interceptors while American troops were under fire, the resulting political backlash would consume the news cycle for weeks. But it was Elon and SpaceX, and the Pentagon paid up. Quietly. Without public debate and without a serious alternative to turn to. And that's the real problem here. For all the talk of SpaceX being a national security partner, the truth is the company has become more of a national security liability. The Pentagon's dependence on Starlink connectivity to power its newest drone systems has handed Elon Musk a level of operational leverage over American military operations that no private company should have. And clearly, he' s more than willing to use it. It's not the first time he's done so, either. In 2022, Musk personally restricted Starlink coverage over Crimea to undermine Ukrainian operations against Russian forces -- a unilateral decision by a private citizen that altered the course of an active war. We've also seen SpaceX clash repeatedly with the Pentagon over commercial terms while remaining the only viable provider of certain capabilities. And now, with American lives on the line in Iran, we just saw the company extract a 5x price hike out of the Department of War. That isn't a model of public-private partnership. It borders on extortion. And it virtually guarantees that the U.S. government -- across multiple administrations and both parties -- is going to commit serious capital to building out alternatives. Where the Real Opportunity Lives This is why I've been telling readers for months that the right way to play the space and satellite communications boom isn't to chase the SpaceX IPO at a $1.75 trillion valuation. It's to invest in the companies that are quietly going to benefit from every Pentagon, congressional, and allied government effort to break SpaceX's stranglehold over the satellite communications market. A handful of names stand out. AST SpaceMobile (NASDAQ: ASTS) is building a satellite-to-smartphone constellation that bypasses the terminal model entirely. Its BlueBird satellites can connect directly to unmodified phones, and the company has commercial partnerships with AT&T, Verizon, Vodafone, and others. Its satellites are physically much larger than Starlink's and provide stronger signal precision -- exactly the kind of capability the Pentagon will need as it diversifies away from SpaceX dependence. Iridium Communications (NASDAQ: IRDM) operates one of the most established satellite constellations in the world, with deep ties to U.S. government and military customers that long predate SpaceX. It's already a key player in direct-to-device satellite communications and has been openly opposing the kind of spectrum consolidation that would entrench SpaceX further. Viasat (NASDAQ: VSAT) has been around for years as a government and commercial satcom provider, generates most of its revenue from government contracts, and recently partnered with AST SpaceMobile on direct-to-device service. It's not the sexiest name on the market, but its government satcom business has been quietly building momentum. And Globalstar (NASDAQ: GSAT) is the satellite provider behind Apple's iPhone emergency satellite features and operates a niche but well-established LEO constellation with growing government interest. These are the companies that win when Washington wakes up to the SpaceX problem. That's the real investment story coming out of this week... It's not whether the SpaceX IPO is worth $1.75 trillion or $2 trillion or some inflated valuation the underwriters dream up. It's that America's reliance on a single private company for critical national security infrastructure has officially become untenable -- and the contracts to build alternatives are about to start flowing. SpaceX just made the case against itself. The investors who position around that -- rather than chasing the IPO at peak valuation -- are the ones who are going to come out ahead.
AI giant Anthropic says it plans to list on US stock market
AI giant Anthropic has said it plans to become a public company in the US. The company behind the popular chatbot Claude said on Monday that it had filed confidential paperwork with the US Securities and Exchange Commission to make an initial public offering (IPO) this year. Once public, people will be able to buy and trade shares in the firm on the stock market, though the company said the price and number of shares to be offered "have not yet been set". Anthropic's stock market plans, coming alongside those of Elon Musk's SpaceX, will likely function as a test of whether investor appetite matches the soaring valuations of AI firms. Anthropic, founded just five years ago by chief executive Dario Amodei and a handful of other executives, recently raised money from private investors, valuing the company at more than $965bn (£717bn). While based on an assumption of future growth, that valuation put Anthropic ahead of OpenAI, which most recently was valued by private investors at $852bn. Chief executive Dario Amodei founded Anthropic after working several years at OpenAI, a company he left after disagreements with its chief executive, Sam Altman. The two firms have since become fierce rivals in the AI world, developing similar technology and competing for users' attention and spending and corporate customers' budgets. OpenAI is also reportedly considering going public this year. Altman told CNBC on Monday that while his company did intend to go public, it was in no rush to do so. "We'll do it when it makes sense," Altman said. Should OpenAI's listing come to pass, the US capital markets are poised to see an historic level of investment in just a handful of companies. SpaceX alone is expected to break stock market records with its target valuation, but the potential value of Anthropic and OpenAI are not far behind. Listing will be 'yardstick for investors' "Neither Anthropic nor OpenAI wants to be the last major AI pure-play to list," Troy Hooper, a leader of equity capital markets at Mergermarket, said. "The first mover has a real chance to define how public markets value generative AI, setting up the yardstick that investors will use to measure everyone else." Harrison Rolfes, a research analyst at PitchBook, added that Anthropic's IPO "will be the most scrutinised public offering in tech history", with investors poring over its business margins, sales, and profitability for signs that AI valuations and costs make financial sense. Given the proximity of SpaceX's upcoming stock market debut, Rolfes said the two companies "represent the largest concentration of pre-IPO capital ever brought to market simultaneously". "The 2026 window either becomes the most consequential IPO cycle since the dot-com era or the most expensive lesson in narrative-versus-fundamentals that public markets have ever taught," Rolfes said. Anthropic has been fighting this year, too, with the US Department of Defence (DoD). After the DoD, late last year, insisted that Anthropic accept contractual terms as part of a $200m deal stating that government agencies could use AI tools like Claude for "any lawful use", Amodei made his concerns public. Although Claude was the first modern AI chatbot and model to be deployed on US government networks that were classified, the new contract language suggested to Anthropic the possibility that its AI could be used for mass domestic surveillance or on fully autonomous weapons of war. President Donald Trump denounced the company, and Defence Secretary Pete Hegseth quickly prohibited any US agency from using Claude. Anthropic subsequently launched legal action against the government. Although there are recent signs from the White House that tensions with Anthropic have cooled, the lawsuit is ongoing. Such acrimony has not scared off other Anthropic customers. The company has told investors that it expects to turn a profit in the first half of this year, as sales of its Claude product and related services have grown significantly. Neither SpaceX nor OpenAI are currently profitable.
Snowflake expands Anthropic partnership for enterprise AI By Investing.com
SAN FRANCISCO - Snowflake Inc. (NYSE:SNOW) and Anthropic announced Monday the expansion of their strategic partnership, integrating Anthropic's Claude models into Snowflake Cortex AI to support enterprise AI deployment. The announcement sent Snowflake shares surging 57.75% over the past week, pushing the stock to within 1% of its 52-week high of $285. The partnership builds on an agreement from December 2025 that integrated Claude models into Cortex AI across major cloud platforms. The companies stated that enterprises are using Claude through Snowflake for cybersecurity investigations, financial analysis, and data applications. Snowflake reported that Cortex Code, powered by models including Claude, has more than 7,100 users. The company described it as Snowflake's fastest-growing product. Christian Kleinerman, EVP of Product at Snowflake, stated the product translates prompts into production-ready pipelines and applications for Snowflake schemas and workflows. The momentum comes as Snowflake posted $5.03 billion in revenue over the last twelve months with 31% growth, though the company remains unprofitable with a loss of $3.51 per share. According to InvestingPro data, 29 analysts have revised their earnings upwards for the upcoming period, and analysts predict the company will be profitable this year. The integration allows customers to use Claude models with Snowflake data while maintaining governance and security controls within the Snowflake environment, according to a press release statement. Companies using the integration include Basis, Block, Carvana, eSentire, Indeed, and Notion. Block's Engineering Lead Arnaud Weber stated teams use the system to investigate compliance and security issues and automate workflows. eSentire's CPTO Dustin Hillard said the company uses Claude within Snowflake for AI-led threat investigations. The partnership includes several components: Snowflake Intelligence, which uses Claude for natural language queries across enterprise data; Cortex Agents, a framework for building enterprise AI agents; and participation in Claude Marketplace, where customers can apply existing Anthropic commitments toward Snowflake AI capabilities. Snowflake and Anthropic stated they are collaborating on Claude Code Security capabilities designed to help organizations identify and remediate vulnerabilities. Snowflake reported having more than 13,900 customers globally. With an $88.6 billion market cap and trading at a high revenue valuation multiple, InvestingPro analysis indicates the stock is currently overvalued relative to its Fair Value -- placing it among companies on the Most Overvalued list. Investors seeking deeper insights can access Snowflake's comprehensive Pro Research Report, one of 1,400+ available reports that transform complex Wall Street data into actionable intelligence. In other recent news, Snowflake Inc. reported first-quarter fiscal 2027 product revenue of $1.334 billion, marking a 33.9% increase year-over-year and surpassing FactSet consensus expectations by 5.3%. The company also exceeded operating income estimates by 35.2%, showcasing robust financial performance. Following these strong results, several firms raised their price targets for Snowflake. Monness, Crespi, Hardt increased its price target to $320, citing the company's raised full-year guidance and strong second-quarter outlook. Freedom Broker adjusted its target to $300, highlighting the accelerated monetization of AI products and core platform growth. Benchmark set a new target of $270, noting record sequential dollar growth in the quarter. Cantor Fitzgerald raised its price target to $282, emphasizing the positive impact of Snowflake's AI-driven growth. Additionally, HSBC upgraded Snowflake's stock rating to Buy, recognizing the momentum from the company's AI product, CoCo, which has scaled to over 7,100 accounts since February 2026. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Cathie Wood's ARK sells AMD stock, buys Nvidia and Cerebras By Investing.com
Cathie Wood's ARK ETF published their daily trades for Monday, June 1st, 2026, showcasing notable moves in the technology sector. The largest transaction of the day was the purchase of 300,017 shares of NVIDIA Corp (NASDAQ:NVDA), valued at approximately $63.35 million. This acquisition was spread across several of ARK's ETFs, indicating a strong continued interest in the semiconductor giant. In another significant move, ARK sold a total of 110,207 shares of Advanced Micro Devices Inc (NASDAQ:AMD), with the transaction totaling around $56.88 million. This sale was distributed across multiple ARK ETFs, suggesting a strategic reallocation of funds within the tech sector. Continuing its investment in artificial intelligence, ARK added to its stake in Cerebras Systems Inc (CBRS), acquiring 62,669 shares valued at approximately $14.85 million. This follows a series of purchases in Cerebras over the past week, underscoring ARK's bullish stance on AI technology. Additionally, ARK divested 23,584 shares of Teradyne Inc (NASDAQ:TER), amounting to roughly $8.83 million. This sale marks a continuation of ARK's recent trend of reducing its position in Teradyne, following similar transactions in the preceding days. These trades reflect ARK's strategic adjustments in response to market dynamics, with a focus on strengthening positions in high-potential technology stocks while trimming holdings in others. Investors will be watching closely to see how these moves align with broader market trends and ARK's investment philosophy. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Snowflake and Anthropic Accelerate Enterprise AI Adoption Driven by Rising Demand for Governed AI
SAN FRANCISCO-(BUSINESS WIRE)- #SnowflakeSummit-SNOWFLAKE SUMMIT 26-Snowflake (NYSE: SNOW), the AI Data Cloud company, and Anthropic, the AI safety and research company, today announced at Snowflake Summit 26 significant momentum in their strategic partnership. Enterprises are increasingly adopting Anthropic Claude in Snowflake Cortex AI, Snowflake's suite of AI products, driven by growing demand for governed, production-ready AI. Together, Snowflake and Anthropic are helping enterprises move from AI experime
