Anthropic readies mega IPO as Google and Microsoft ramp up AI competition

Anthropic is arranging investor meetings ahead of a potential mega‑IPO as early as October, according to Bloomberg. The company, valued at about $965 billion after a May funding round, is working with Morgan Stanley, Goldman Sachs and JPMorgan Chase and could list before rival OpenAI and Chinese AI firm DeepSeek. Market speculation on prediction platform Kalshi gives Anthropic an 85 % chance of going public before OpenAI.

Google CEO Sundar Pichai acknowledged that the firm lags behind Anthropic and OpenAI in “agentic coding” – AI that can handle complex, multi‑step programming tasks. Google is responding with a new Antigravity 2.0 platform, the Gemini 3.5 Flash model and revised pricing for its AI services.

Microsoft is training its sales force to promote its own AI models over those from OpenAI, Anthropic and Google, emphasizing end‑to‑end solutions, lower cost and tighter security integration. Executives said the push aims to reassure investors as the company expands its internal AI offerings across Office apps.