AI giant Anthropic announces plans to list on US stock market

AI giant Anthropic has announced it plans to become a public company in the US.

The company, which is behind the popular chatbot Claude, said on Monday it had filed confidential paperwork with the US Securities and Exchange Commission in order to make an initial public offering (IPO) this year.

The move means people will be able to trade shares in the firm on the stock market, though the company said the number of shares to be offered and the price "have not yet been set".

Anthropic's announcement comes after Elon Musk's SpaceX revealed its own plans to go public , teeing up a test of whether appetite among investors matches the soaring valuations of AI firms.

While Anthropic, founded just five years ago, recently raised money from private investors that valued the company at more than $965bn (£717bn ), it did not reveal a target price for its planned public listing.