Anthropic, an AI startup backed by Google and Amazon, is preparing for a potential IPO as early as 2026 with the help of law firm Wilson Sonsini. The move aims to raise capital, make bigger acquisitions, and ride the wave of growing AI adoption in the tech industry.

While Anthropic has not confirmed plans to go public, discussions with major investment banks suggest a potential IPO in 2026. However, talks are still in early stages, indicating a long road ahead before selecting IPO underwriters. The company is also negotiating a private funding round that could value it at over $300 billion.

Led by Dario Amodei, Anthropic is projecting significant revenue growth to around $26 billion next year, with a customer base of over 300,000 businesses. Meanwhile, rival OpenAI, backed by Microsoft, is gearing up for a potential IPO that could value the company at up to $1 trillion, with plans to file with securities regulators in the second half of 2026.

Last month, Microsoft and Nvidia announced plans to invest up to $15 billion in Anthropic as part of a $30 billion commitment to use Microsoft’s cloud services. Founded in 2021 by former OpenAI staff, Anthropic was recently valued at $183 billion, positioning it as a major player in the AI industry’s future growth and development.

Read more at Yahoo Finance: Anthropic plans an IPO as early as 2026, FT reports