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. 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 is proposing that top AI companies coordinate a way to pause the development of advanced AI systems if they become too dangerous. The company behind the Claude chatbot says the technology is improving so quickly that there's a risk humans could lose control. In a blog post Thursday, Anthropic suggests giving the world an “option” to slow or temporarily pause AI development. The company plans to research ways to implement this pause, noting that AI models are getting faster, doubling their task capabilities every four months. This rapid advancement could lead to AI designing its own successors, raising control concerns.