Updated

Anthropic, the artificial intelligence company behind the Claude chatbot, plans to float its shares on Nasdaq this month, offering them at between $70 and $78 each to raise up to $64bn. BBC World said the listing would value the company at between $1.1tn and $1.3tn, below the $2tn some backers predicted in summer, as reported by the Financial Times. France 24 reported a valuation of around $1.4tn based on the 825 million shares on offer, a figure that differs from the BBC range. The company is loss-making, with revenues for the six months to June rising to $16.2bn from $1.1bn and its pre-tax loss growing to $80.7bn from $12.9bn. Shares will be listed under the symbol ANT on 19 November, making Anthropic the first fully AI-focused company to go public.