Anthropic is reportedly preparing for a major initial public offering, with plans to begin marketing the deal as early as the week of November 9. The artificial intelligence company aims to complete the listing before the Thanksgiving holiday.

IPO Timeline and Strategy

The move signals a significant step for the AI developer, which has been one of the most closely watched private companies in the technology sector. By targeting a pre-Thanksgiving completion, Anthropic seeks to capitalize on current market conditions and investor appetite for AI exposure.

The reported timeline suggests a compressed schedule for due diligence and roadshows. Starting marketing in early November allows for a potential pricing and listing window within the same month, avoiding the typical year-end market slowdown.

Top technology executives, including Nvidia Corp (NASDAQ: NVDA) CEO Jensen Huang and Meta Platforms Inc. (NASDAQ: META) CEO Mark Zuckerberg, privately confronted Anthropic CEO Dario Amodei regarding his public warnings about artificial intelligence risks. The confrontation occurred following a luncheon hosted by President Donald Trump with approximately two dozen tech leaders in the East Room.

Industry principles vs safety concerns

The group had previously agreed to a set of principles to ensure the safety of AI models. During the subsequent discussion, Huang and other executives questioned Amodei on the severity of his public statements concerning AI capabilities and potential dangers. Amodei responded by urging industry leaders to maintain transparency and honesty about model capabilities, cautioning against downplaying risks.

Zuckerberg suggested that upholding the agreed industry principles was the most effective method to address these concerns, according to The Wall Street Journal. Amodei, who recently met with Trump for their first face-to-face meeting, expressed optimism that collaboration with the administration could help ensure safety.

Scrutiny over financial motives

Anthropic’s stance has drawn external criticism linked to its financial performance. The company reported a $42 billion net loss in its IPO prospectus. Porter and Company analyst Ross Hendricks argued that these warnings about existential risks might aim to encourage government action against cheaper open-source competitors.

Hendricks noted that the significant loss occurred before Anthropic began losing market share to "dirt cheap" open-source models. He questioned the company's motives for highlighting risks to regulators, suggesting a potential conflict of interest in advocating for stricter oversight.

Huang’s skepticism on oversight

This private confrontation aligns with Huang’s public criticisms of AI lab leaders. He previously described calls for greater AI oversight as "too much drama," arguing that existing laws are sufficient to address safety concerns. Huang warned that slowing U.S. AI development could provide China with a strategic advantage. He also rejected doomsday predictions as unscientific, suggesting that some leaders may have ulterior or political motives behind their warnings.

Anthropic, Nvidia, and Meta did not immediately respond to requests for comment.