Jun. 4 at 8:09 PM
Anthropic President Daniela Amodei said the high cost of training advanced AI models is pushing companies toward public markets, following the company's confidential IPO filing earlier this week. Speaking at Bloomberg Tech in San Francisco, Amodei said AI development is a highly capital-intensive business and that public markets are well suited to support the massive funding needs required for chips, data centers, and talent.
Anthropic’s filing puts it ahead of OpenAI in the race to access public investors, although Amodei declined to comment on any competition between the two firms. The company recently raised funding at a reported
$965 billion valuation, surpassing OpenAI for the first time. While OpenAI plans to spend hundreds of billions of dollars on AI infrastructure, Anthropic has taken a more measured approach, recently securing multibillion-dollar computing agreements with SpaceX and Akamai.
$AKAM $SPCX.DL0626
$ANTHZZX.P
$OPEAZZX.P
