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One of America’s most important private artificial intelligence companies is getting ready to make their Wall Street debut.

What’s happening:

  • Artificial intelligence company Anthropic has officially submitted a confidential Form S-1 with the United States Securities and Exchange Commission for an IPO

Why it matters:‍

  • Anthropic has launched multiple highly popular artificial intelligence models including Claude and has some of the highest reported revenue of any private artificial intelligence company in the United States of America

Going deeper:‍

  • Anthropic has been aggressively cutting new deals for high performance computing to keep up with the soaring demand for their artificial intelligence models, including previously striking a multi year deal with CoreWeave (NASDAQ: CRWV) to secure cloud computing capacity and access to GPUs
  • Some of the largest venture capital funds in the world have been significant investors in Anthropic, including Coatue, Sequoia Capital, Founders Fund, Lightspeed, General Catalyst and others

The fine print:‍

  • Both the valuation and size of the capital raise of Anthropic’s IPO have not yet been publicly disclosed

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