CATCH ME UP
Anthropic may seek to raise more than one hundred billion dollars in an upcoming IPO.
The company is reported to be targeting a two trillion dollar valuation.
That level would potentially exceed SpaceX's record public-market debut.
One report says Anthropic's annualized revenue run rate reached 65 billion dollars in July.
Why it mattersA massive public debut by Anthropic could redefine artificial intelligence valuations and shift market dynamics for tech investments.
More context
Another report says Anthropic reported a 47 billion dollar run rate in May and saw second-quarter revenue growth.
Anthropic and OpenAI have both reportedly filed confidentially to go public.