New Delhi, June 3 -- Anthropic has confidentially filed for an Initial Public Offering (IPO) just weeks after raising USD 65 billion in fresh funding that pushed its valuation to USD 965 billion, overtaking OpenAI and placing the company within striking distance of the USD 1 trillion mark.

The filing, submitted to the US Securities and Exchange Commission (SEC) through a draft Form S-1 registration statement, comes at a pivotal moment for the artificial intelligence (AI) industry. What began as a race to build the most capable large language models is increasingly becoming a contest over revenue generation, enterprise adoption, infrastructure ownership, and long-term profitability.

For investors, Anthropic's move reflects growing confid...