Anthropic has gone public with a valuation of up to $1.02 trillion

The company Anthropic has officially launched its roadshow as part of its initial public offering (IPO). The developer intends to raise up to $64.4 billion on the stock exchange.

During the offering, shares are being priced between $70 and $78 apiece. The target valuation for the business as part of the IPO is up to $1.02 trillion.

In addition to the public offering, the company is raising $26 billion through a private placement. Key anchor investors in this round include Google, Nvidia, Microsoft, and other major technology corporations.

The offering comes amid growing investor skepticism regarding the return on investment for large-scale spending in the field of artificial intelligence. The raised capital will be used to scale infrastructure and further develop models.