On Children's Day, Anthropic came up with a gift for fans and its own investors: it filed for a stock exchange listing.
In parallel, a similar step is expected from OpenAI, which could come with the stock exchange listing earlier than originally expected. These big events in the AI industry trigger a real commotion on the stock exchanges, Claudiu Cazacu, XTB Romania strategy consultant, says in an analysis sent to HotNews.
From now on, it's only a matter of time before the actual offering for Anthropic starts and then actually trades, which will give the general public access to one of the most effervescent AI model providers.
It is, however, a full period. These days are also taking place to gauge the interest of major investors in the SpaceX offering, which includes the AI division formerly called xAI, an advanced stage that may mean a market launch as early as June 12.
OpenAI, which revolutionized the perception of AI with the release of ChatGPT (although the theoretical basis had been developed by Google years before) was originally targeting the fall for an IPO, but it is possible – in our estimation, likely – to accelerate the target timeline.
Although it has more than 900 million weekly users, OpenAI is not profitable and its growth rate, already considered rapid, has been overtaken by competitor Anthropic, which recently reached an annualized revenue rate of $47 billion.
OpenAI vs. Anthropic, the ratings battle
Data changes often, and the valuation in an IPO would likely be above the level achieved last Thursday by Anthropic. The company, founded by a group of researchers who left OpenAI, received a massive $65 billion in funding at a $965 billion valuation.
In private and prediction platforms, however, valuations already exceed $1 trillion. For its part, OpenAI was valued at 852 billion dollars in March after a record round of funding of 122 billion dollars, emphasizes Claudiu Cazacu.
So this is another point won for Anthropic. Although Claude, his AI model, is less widely known than OpenAI's ChatGPT, it is used in the business environment for AI programming and agents. Popular vibe-coding platforms also rely heavily on his designs.
The hottest phenomenon in the stock markets these years has been the evolution of AI.
Not only in the US, because the South Korean stock market became the sixth in the world, not far behind Taiwan. Both were driven largely by physical investment in technology.
These days, on the American capital market, three major companies are competing for attention and capital, two of which offer direct exposure to AI, and one, SpaceX, feeds the imagination of investors with the promise of data centers in space, according to strategy consultant XTB Romania.
The connections are sometimes tortuous: Anthropic pays Spacex $15 billion a year to use its underutilized data centers. Vendor-customer arrangements between competitors in other segments are the order of the day in US IT. As the asking values of infrastructure projects reach from tens to hundreds of billions of dollars, the competition for cash is intensifying.
Google will receive $10 billion in equity from Berkshire, aiming to raise $80 billion in total, to cover some of its up to $190 billion in capital expenditures this year, against cash flow from operations of $174 billion.
We live in particularly dynamic times. New models are released monthly or even several times a month. Mythos, the Anthropic model considered too powerful for public offering, will also reach the EU after a series of high-level meetings. Nvidia has signaled a new chip integrating CPU, GPU and memory, based on the ARM architecture and which will run Windows, from the fall, dedicated to intensive AI uses, Claudiu Cazacu also points out.
Anthropic, with advantages in the quiver
Those who can use resources well to gain competitive advantage can reap rich rewards. But the long-term winners could be those tailored to market segments and user profiles where they can deliver more effectively.
In the competition for attention and cash – which can mean training capacity and running advanced models, essential to deciding the winners in the especially intense race to the top of the technology – Anthropic has important advantages.
The chance of a successful bid also depends on the timing chosen, but also on the capital available after the SpaceX bid, if it will not be delayed so that Anthropic can list first.
On the other hand, it could be that, just as OpenAI had its own favorable “season” where variants of ChatGPT dominated the space, and Google focused attention for a while with Gemini 3, we're in the Anthropic “season.”
As the rotation of the seasons is a natural phenomenon, the founders and the venture capital funds that have invested might want to pick the fruits when they are ripe, points out the representative of XRB Romania.
