Anthropic preps for initial public stock offering in major step for AI company

AI company sued over use of Elvis Presley songsThe owners of Elvis Presley's music have sued AI company Anthropic, accusing the company of training its models on Elvis' music without permission.

Anthropic, the company behind the AI chatbot Claude, on Monday filed papers to prepare for a potential initial public offering (IPO), taking a major step toward a listing on public markets.

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Editor's note: This story has been updated for clarity.