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00:02Anthropic confidentially filed for an initial public offering on Monday,
00:06potentially beating rival OpenAI to Wall Street as early as this fall, according to Bloomberg.
00:11The Claude developer last week raised $65 billion at a $965 billion valuation,
00:18eclipsing OpenAI's value for the first time.
00:21Anthropic expects $10.9 billion in revenue for the second quarter,
00:25and projects its annualized run rate will surpass $50 billion by the end of June.
00:30The company has seen an 80-fold increase in annualized revenue and is on pace for its first profitable quarter.
00:37Anthropic faces a legal battle with the U.S. government after the Pentagon declared it a supply chain risk.
00:43Anthropic's Monday IPO filing positions it to potentially reach the public market before OpenAI,
00:48which is also preparing a confidential filing targeting a fall debut.
00:52For all things money, visit Benzinga.com.
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