Anthropic is in talks to launch a massive IPO, sparking competition with OpenAI in the stock market. The Claude chatbot maker has tapped Wilson Sonsini for the potential float, with investments from Microsoft and Nvidia valuing it at $350 billion. Both companies are eyeing investor cash on Wall Street.

While OpenAI denies rumors of an IPO, Anthropic’s move signals a collision course in the AI race. Google and OpenAI leaders have warned of tech stock overvaluation, with Wall Street figures predicting a market downturn. Anthropic’s $50 billion AI infrastructure plan and workforce expansion show continued investment in the industry.

Read more at Yahoo Finance: Anthropic IPO talks set up Wall Street showdown with OpenAI