Anthropic prices its IPO six days after a court filing targets frontier AI
CNBC reported Anthropic is targeting a retail allocation of about 20 percent, with trading on the Nasdaq under the ticker ANT from November 19.
Reuters reported that the Irreplaceable Education Fund, Public Citizen, Heat Initiative, and The Alliance for Secure AI argue California’s law against unfair business practices supplies the grounds for an order barring further development of ChatGPT, Gemini, and Claude.
AP reported the groups allege the companies endangered public health and interfered with the use of property such as computer systems.
“Nor is any industry granted the right to self-regulate the development of such dangerous products,” the complaint says, as quoted by Reuters.
Robert Weissman, co-president of Public Citizen, said in a release issued by the group on Thursday, “Our lawsuit asks the court to apply existing law and find the AI corporations’ reckless practices unlawful and freeze further AI development.”
