Anthropic files for public debut, potentially reaching $1 trillion, as OpenAI faces Florida lawsuit

AI company Anthropic has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission, signaling a significant step towards a potential market debut that could value the company at nearly $1 trillion. This strategic move follows a recent $65 billion funding round, which propelled its valuation to $965 billion, placing Anthropic ahead of rival OpenAI in the race to public markets and potentially setting a new benchmark for other rapidly growing artificial intelligence firms.

Concurrently, OpenAI and its CEO, Sam Altman, are facing a lawsuit initiated by the state of Florida on June 1, 2026. The lawsuit alleges that OpenAI knowingly launched and aggressively promoted its ChatGPT product to the public while deliberately concealing serious safety risks associated with the chatbot. Florida claims the company prioritized commercial gains over user safety, disregarding internal and external warnings about ChatGPT's potential to facilitate self-harm and violence, collect data from minors without adequate oversight, and contribute to behavioral addiction and cognitive harm.