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US:OpenAI rival Anthropic races toward a Wall Street debut

Artificial intelligence firm Anthropic, rival of ChatGPT developer OpenAI, may soon become a publicly traded company, allowing people to buy shares in it.

The company said on Monday it had confidentially submitted a draft registration statement for an initial public offering to the US Securities and Exchange Commission.

This means that business information will remain under wraps for now, while the documents are being reviewed by the regulator.

"The proposed initial public offering will depend on market conditions and other factors," Anthropic said.

Anthropic said last week it had raised $US65 billion ($A91 billion) in private funding that will push its valuation to $US965 billion, a number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups.

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