rotative
the decoder · June 1, 2026

Anthropic is worth $1T — and it's spending it all on safety

anthropic filed confidentially for an ipo after a $65b round, valuing the ai safety giant at $1t, setting the stage for a public showdown with openai.

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anthropic filed a draft s-1 registration statement with the sec to pursue an initial public offering, confirming its status as a public benefit corporation. the filing follows a recent $65 billion funding round that boosted its valuation to nearly $1 trillion, marking a massive escalation in corporate ai value. this ipo creates a direct public market comparison with openai and tests investor appetite for companies prioritizing ai safety alongside profit. final share counts and pricing remain pending sec review.

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