<p>[纽约] 人工智能巨头 Anthropic 周一（6 月 1 日）表示，已秘密提交美国首次公开募股（IPO）申请，领先于竞争对手 OpenAI，成为备受关注的上市竞赛中的一员。</p>
<p>这一举动为投资者对人工智能的兴趣进行早期测试铺平了道路，人工智能推动了高昂的私人估值和潜在万亿美元上市的讨论，投资者的兴趣在公众审查下是否能够持续，以及哪家公司能够为这一快速增长的行业设定估值模板。Anthropic 生产的智能编码助手 Claude Code 并未披露此次发行的规模或条款。该公司在 5 月底以 9650 亿美元的后融资估值筹集了 650 亿美元，使其在 OpenAI 之前。</p>
<p>此次上市将代表近年来最具影响力的股市首秀之一，可能重塑基准指数、投资流向以及推动美国股票市场的更广泛叙事。路透社在 5 月报道称，OpenAI 也在准备在未来几周内秘密提交美国 IPO 申请。这紧随 SpaceX 的超级 IPO 申请，该公司计划以 1.75 万亿美元的估值进行 750 亿美元的募资，并可能在两周内开始交易。</p>
<p>秘密提交让公司在保护敏感财务细节不被竞争对手和公众知晓的情况下推进 IPO 准备工作。</p>
<p>“在 SpaceX 之后不久提交申请使 Anthropic 能够在窗口期仍然有利时，利用投资者对人工智能和成长股的强烈兴趣，” IPO 研究公司 IPOX 的副总裁 Kat Liu 说。</p>
<p>“与 SpaceX 相比，Anthropic 的估值雄心似乎显得远不如单独看时那样激进。”</p>
<h3>东盟智能</h3>
<p>获取东南亚各地企业的洞察</p>
<p>获取免费报告</p>
<h2>人工智能主导权之争</h2>
<p>OpenAI 和 Anthropic 已成为人工智能繁荣的代名词，这场繁荣重新绘制了企业战略，激发了全球对计算能力和人才的军备竞赛，并使与人工智能相关的公司成为市场上最具价值的企业之一。</p>
<p>“对于 OpenAI 来说，传统的解读是 Anthropic 通过首先提交申请抢占了叙事优势，” PitchBook 的高级分析师 Harrison Rolfes 说。“非传统的解读是 OpenAI 在这方面占了便宜：Anthropic 自愿承担了所有披露风险，而 OpenAI 现在有一个免费的选择，可以观察机构投资者对经过审计的前沿人工智能财务的反应，然后再决定自己的价格。” 在预测市场上，交易者对未来事件的结果进行下注，大多数参与者预计 OpenAI 会在 Anthropic 之前提交 IPO 申请。</p>
<p>OpenAI 首席执行官 Sam Altman 表示，他并不关注 ChatGPT 制造商潜在首次公开募股的时机，此前有关于 Anthropic 秘密提交申请的消息。</p>
<p>另见</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/63d9a3ed1043513d58e8e51258cd355f65c2c1c646af3e1953910b416873b0d8/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/63d9a3ed1043513d58e8e51258cd355f65c2c1c646af3e1953910b416873b0d8/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>Anthropic 超越 OpenAI 成为全球最有价值的人工智能初创公司</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/46afb196a94191c815ff8e819b86f37d3cc5ec6b4e3ce3df8bb1685c08fb30aa/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/46afb196a94191c815ff8e819b86f37d3cc5ec6b4e3ce3df8bb1685c08fb30aa/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>Anthropic 接近 300 亿美元融资轮，超越 OpenAI 成为最有价值的人工智能初创公司</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/326a99df2a77fc6c5e6a5b1004265e540b40412d3b5581fa46a9a5251cbf232c/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/326a99df2a77fc6c5e6a5b1004265e540b40412d3b5581fa46a9a5251cbf232c/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>聊天机器人在美国中期选举前面临新闻准确性和来源问题</h3>
<p>他补充说，公司将在合适的时候公开上市。</p>
<p>Anthropic 的估值自 2 月以来已从 3800 亿美元翻倍，当时它在一轮融资中筹集了 300 亿美元。</p>
<p>该公司在 2026 年初的快速崛起震动了市场，引发软件和 IT 股票的剧烈抛售，因为投资者担心其日益自主的人工智能工具可能颠覆传统商业模式，并加速各行业的破坏。</p>
<p>其最新的融资轮得到了来自硅谷和华尔街投资者的支持，包括黑石、布鲁克菲尔德、D1 Capital Partners、GIC、General Catalyst 和 Insight Partners。</p>
<h2>市场里程碑</h2>
<p>随着一系列重磅上市竞相进入公开市场，从 SpaceX 到人工智能巨头的公司正在争夺有限的投资资本。</p>
<p>分析师，包括 DA Davidson 的 Gil Luria，表示这两家公司正在争相在华尔街资本耗尽之前上市，并为前沿人工智能模型的财务报告设定议程，这种模型推动了机器在语言、推理或编码方面的能力的边界，以有利于其财务模型的方式报告财务。</p>
<p>“SpaceX、OpenAI 和 Anthropic 对资本的综合需求将是如此之大，以至于可能在资本市场造成干扰，因此尽早上市将是一个巨大的优势，” Luria 说。</p>
<p>以接近 1 万亿美元的估值，Anthropic 将跃升至标准普尔 500 指数的顶层，与少数主导全球股市的精英公司并肩。</p>
<p>根据 Dealogic 数据，IPO 市场在最近几周恢复了势头，截至 5 月 26 日，公司通过 IPO 筹集了 875 亿美元，这是自 2021 年以来的最高年初至今全球总额。</p>
<p>本周晚些时候，几家大型美国 IPO 也将进入市场，包括霍尼韦尔支持的量子计算公司 Quantinuum、黑石支持的 Liftoff 和燃气发动机制造商 Innio。路透社</p>
<p>解码亚洲通讯：您在新全球秩序中导航亚洲的指南。点击此处注册以获取解码亚洲通讯。免费送达您的收件箱。</p>

<p>Anthropic 已秘密提交美国 IPO 申请，领先于竞争对手 OpenAI，争夺上市先机。这一举措考验了投资者对人工智能股票的需求，尽管私募估值高企。Anthropic 在最近一次融资后估值为 9650 亿美元，旨在利用市场的强烈兴趣，同时保护财务细节。该申请为前沿人工智能公司如何被估值和公开报告设定了先例</p>

<p>[NEW YORK] Artificial intelligence giant Anthropic has confidentially filed for a US initial public offering, the company said on Monday (Jun 1), edging ahead of rival OpenAI in a closely watched race to reach public markets.</p>
<div class="lb-trans"><p>[纽约] 人工智能巨头 Anthropic 周一（6 月 1 日）表示，已秘密提交美国首次公开募股（IPO）申请，领先于竞争对手 OpenAI，成为备受关注的上市竞赛中的一员。</p>
</div><p>The move sets up an early test of whether investor appetite for AI, which has fuelled lofty private valuations and talk of potential trillion-dollar listings, will hold up under public scrutiny, and which company gets to set the template for how the fast-growing sector is valued. Anthropic, which makes agentic coding assistant Claude Code, did not disclose the size or the terms of the offering. It last raised US$65 billion at a post-money valuation of US$965 billion in late May, putting it ahead of OpenAI.</p>
<div class="lb-trans"><p>这一举动为投资者对人工智能的兴趣进行早期测试铺平了道路，人工智能推动了高昂的私人估值和潜在万亿美元上市的讨论，投资者的兴趣在公众审查下是否能够持续，以及哪家公司能够为这一快速增长的行业设定估值模板。Anthropic 生产的智能编码助手 Claude Code 并未披露此次发行的规模或条款。该公司在 5 月底以 9650 亿美元的后融资估值筹集了 650 亿美元，使其在 OpenAI 之前。</p>
</div><p>The listing would represent one of the most consequential stock market debuts in years, potentially reshaping benchmark indexes, investor flows and the broader narrative driving US equities. Reuters reported in May that OpenAI was also preparing to confidentially file for a US IPO in the coming weeks. That follows SpaceX’s mega-IPO filing, which is on course to rewrite the record books as the Elon Musk-led company pursues a US$75 billion offering at a US$1.75 trillion valuation and could begin trading within two weeks.</p>
<div class="lb-trans"><p>此次上市将代表近年来最具影响力的股市首秀之一，可能重塑基准指数、投资流向以及推动美国股票市场的更广泛叙事。路透社在 5 月报道称，OpenAI 也在准备在未来几周内秘密提交美国 IPO 申请。这紧随 SpaceX 的超级 IPO 申请，该公司计划以 1.75 万亿美元的估值进行 750 亿美元的募资，并可能在两周内开始交易。</p>
</div><p>Confidential submissions let companies advance IPO preparations while shielding sensitive financial details from rivals and the public.</p>
<div class="lb-trans"><p>秘密提交让公司在保护敏感财务细节不被竞争对手和公众知晓的情况下推进 IPO 准备工作。</p>
</div><p>“Filing shortly after SpaceX allows Anthropic to capitalise on strong investor interest in AI and growth stocks while the window remains favourable,” Kat Liu, vice-president at IPO research firm IPOX, said.</p>
<div class="lb-trans"><p>“在 SpaceX 之后不久提交申请使 Anthropic 能够在窗口期仍然有利时，利用投资者对人工智能和成长股的强烈兴趣，” IPO 研究公司 IPOX 的副总裁 Kat Liu 说。</p>
</div><p>“Anthropic’s valuation ambitions appear far less aggressive in comparison (to SpaceX) than they might have looked in isolation.”</p>
<div class="lb-trans"><p>“与 SpaceX 相比，Anthropic 的估值雄心似乎显得远不如单独看时那样激进。”</p>
</div><h3>Asean Intelligence</h3>
<div class="lb-trans"><h3>东盟智能</h3>
</div><p>Get insights into businesses across South-east Asia</p>
<div class="lb-trans"><p>获取东南亚各地企业的洞察</p>
</div><p>Get the free report</p>
<div class="lb-trans"><p>获取免费报告</p>
</div><h2>Race for AI dominance</h2>
<div class="lb-trans"><h2>人工智能主导权之争</h2>
</div><p>OpenAI and Anthropic have become the face of the AI boom that has redrawn corporate strategies, sparked a global arms race for computing power and talent, and turned AI-linked companies into some of the market’s most richly valued firms.</p>
<div class="lb-trans"><p>OpenAI 和 Anthropic 已成为人工智能繁荣的代名词，这场繁荣重新绘制了企业战略，激发了全球对计算能力和人才的军备竞赛，并使与人工智能相关的公司成为市场上最具价值的企业之一。</p>
</div><p>“For OpenAI, the conventional read is that Anthropic just seized the narrative advantage by filing first,” said Harrison Rolfes, a senior analyst at PitchBook. “The unconventional read is that OpenAI got the better end of this: Anthropic just volunteered to absorb all the disclosure risk first, and OpenAI now has a free option to watch how institutional investors react to audited frontier AI financials before committing to its own price.” On prediction markets, where traders wager on the outcome of future events, most participants had expected OpenAI to file for an IPO before Anthropic.</p>
<div class="lb-trans"><p>“对于 OpenAI 来说，传统的解读是 Anthropic 通过首先提交申请抢占了叙事优势，” PitchBook 的高级分析师 Harrison Rolfes 说。“非传统的解读是 OpenAI 在这方面占了便宜：Anthropic 自愿承担了所有披露风险，而 OpenAI 现在有一个免费的选择，可以观察机构投资者对经过审计的前沿人工智能财务的反应，然后再决定自己的价格。” 在预测市场上，交易者对未来事件的结果进行下注，大多数参与者预计 OpenAI 会在 Anthropic 之前提交 IPO 申请。</p>
</div><p>OpenAI CEO Sam Altman said that he is not focused on the timing of a potential initial public offering for the ChatGPT maker, following news of Anthropic’s confidential filing.</p>
<div class="lb-trans"><p>OpenAI 首席执行官 Sam Altman 表示，他并不关注 ChatGPT 制造商潜在首次公开募股的时机，此前有关于 Anthropic 秘密提交申请的消息。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另见</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/63d9a3ed1043513d58e8e51258cd355f65c2c1c646af3e1953910b416873b0d8/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/63d9a3ed1043513d58e8e51258cd355f65c2c1c646af3e1953910b416873b0d8?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Anthropic tops OpenAI to become the world’s most valuable AI startup</h3>
<div class="lb-trans"><h3>Anthropic 超越 OpenAI 成为全球最有价值的人工智能初创公司</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/46afb196a94191c815ff8e819b86f37d3cc5ec6b4e3ce3df8bb1685c08fb30aa/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/46afb196a94191c815ff8e819b86f37d3cc5ec6b4e3ce3df8bb1685c08fb30aa?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Anthropic nears US$30 billion funding round to top OpenAI as most valuable AI startup</h3>
<div class="lb-trans"><h3>Anthropic 接近 300 亿美元融资轮，超越 OpenAI 成为最有价值的人工智能初创公司</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/326a99df2a77fc6c5e6a5b1004265e540b40412d3b5581fa46a9a5251cbf232c/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/326a99df2a77fc6c5e6a5b1004265e540b40412d3b5581fa46a9a5251cbf232c?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Chatbots struggle with news accuracy and sourcing ahead of US midterms</h3>
<div class="lb-trans"><h3>聊天机器人在美国中期选举前面临新闻准确性和来源问题</h3>
</div><p>He added that the company will go public when it makes sense to do so.</p>
<div class="lb-trans"><p>他补充说，公司将在合适的时候公开上市。</p>
</div><p>Anthropic’s valuation has more than doubled from US$380 billion in February, when it raised US$30 billion in a funding round.</p>
<div class="lb-trans"><p>Anthropic 的估值自 2 月以来已从 3800 亿美元翻倍，当时它在一轮融资中筹集了 300 亿美元。</p>
</div><p>The company’s rapid rise in early 2026 rattled markets, triggering sharp sell-offs in software and IT stocks as investors worried its increasingly autonomous AI tools could upend traditional business models and accelerate disruption across industries.</p>
<div class="lb-trans"><p>该公司在 2026 年初的快速崛起震动了市场，引发软件和 IT 股票的剧烈抛售，因为投资者担心其日益自主的人工智能工具可能颠覆传统商业模式，并加速各行业的破坏。</p>
</div><p>Its latest funding round drew backing from a mix of Silicon Valley and Wall Street investors, including Blackstone, Brookfield, D1 Capital Partners, GIC, General Catalyst and Insight Partners.</p>
<div class="lb-trans"><p>其最新的融资轮得到了来自硅谷和华尔街投资者的支持，包括黑石、布鲁克菲尔德、D1 Capital Partners、GIC、General Catalyst 和 Insight Partners。</p>
</div><h2>A market milestone</h2>
<div class="lb-trans"><h2>市场里程碑</h2>
</div><p>As a slew of blockbuster listings races towards public markets, companies from SpaceX to AI giants are competing for a finite pool of investor capital.</p>
<div class="lb-trans"><p>随着一系列重磅上市竞相进入公开市场，从 SpaceX 到人工智能巨头的公司正在争夺有限的投资资本。</p>
</div><p>Analysts, including DA Davidson’s Gil Luria, said that the two companies were racing to go public before capital on Wall Street ran out, and to set the agenda for how a frontier AI model – one that pushes the boundaries of what machines can do in language, reasoning, or coding – reports financials in a way that is favourable to their financial model.</p>
<div class="lb-trans"><p>分析师，包括 DA Davidson 的 Gil Luria，表示这两家公司正在争相在华尔街资本耗尽之前上市，并为前沿人工智能模型的财务报告设定议程，这种模型推动了机器在语言、推理或编码方面的能力的边界，以有利于其财务模型的方式报告财务。</p>
</div><p>“The combined demand for capital from SpaceX, OpenAI and Anthropic will be so considerable that it is likely to create disruptions in the capital markets, so going early will be a great advantage,” Luria said.</p>
<div class="lb-trans"><p>“SpaceX、OpenAI 和 Anthropic 对资本的综合需求将是如此之大，以至于可能在资本市场造成干扰，因此尽早上市将是一个巨大的优势，” Luria 说。</p>
</div><p>At a valuation of close to US$1 trillion, Anthropic would vault to the top tier of the S&amp;P 500, alongside a handful of elite companies that dominate global equity markets.</p>
<div class="lb-trans"><p>以接近 1 万亿美元的估值，Anthropic 将跃升至标准普尔 500 指数的顶层，与少数主导全球股市的精英公司并肩。</p>
</div><p>The IPO market has regained momentum in recent weeks, with companies raising US$87.5 billion through May 26, the highest year-to-date global total since 2021, according to Dealogic data.</p>
<div class="lb-trans"><p>根据 Dealogic 数据，IPO 市场在最近几周恢复了势头，截至 5 月 26 日，公司通过 IPO 筹集了 875 亿美元，这是自 2021 年以来的最高年初至今全球总额。</p>
</div><p>Several sizeable US IPOs are also set to hit the market later this week, including Honeywell-backed quantum computing firm Quantinuum, Blackstone-backed Liftoff and gas engine manufacturer Innio. REUTERS</p>
<div class="lb-trans"><p>本周晚些时候，几家大型美国 IPO 也将进入市场，包括霍尼韦尔支持的量子计算公司 Quantinuum、黑石支持的 Liftoff 和燃气发动机制造商 Innio。路透社</p>
</div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.</p>
<div class="lb-trans"><p>解码亚洲通讯：您在新全球秩序中导航亚洲的指南。点击此处注册以获取解码亚洲通讯。免费送达您的收件箱。</p>
</div>

Anthropic 正朝着 IPO 迈进，加快了与 OpenAI 的竞争步伐