San Francisco, June 1 -- In a significant development, US-based artificial intelligence company Anthropic has confidentially submitted a draft registration statement to the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock.

In a statement posted on Monday, the company said the filing gives it the option to go public after the SEC completes its review process.

"Today, Anthropic, PBC confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of our common stock. This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on m...