AP News reports that Anthropic plans an initial public offering seeking a valuation of roughly $1.3 trillion, selling 825 million shares at $70 to $78 each and raising more than $61 billion at the midpoint. The company, formed in 2021 by former OpenAI leaders, booked over $16 billion in first-half 2026 revenue but has yet to turn a profit, and its debut comes amid AI-bubble concerns and a recent Wall Street sell-off. It is expected to list on Nasdaq as ANT in November 2026, likely short of SpaceX's record $86 billion IPO, while CEO Dario Amodei has urged the industry to slow AI development for safety's sake.