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Here's your afternoon, TNB Tech Minute, for Monday, June 1st. I'm Julie Chang for the Wall Street Journal.

Anthropic has filed confidentially for an initial public offering that could put the AI

lab, which is valued at $965 billion, on a path to go public this fall, setting up a blockbuster year for IPOs.

This move intensifies the race with rival OpenAI, which is also preparing to file.

Banks have told both companies that whoever makes it to market first will get to define the new

industry and have first dibs

on the large pools of cash eager to back new AI companies. Anthropics said in a blog post today

that its plans will depend on market conditions and other factors. Because it filed confidentially,

most investors will have to wait until closer to the IPO to see details of the company's business,

including its finances. Meanwhile, Florida has filed a lawsuit against OpenAI and its CEO Sam

Altman, alleging the company knowingly released an unsafe product and ignored warnings that it could

harm users. The suit claims OpenAI allowed ChatGPT to aid and abet mass

shooters, encouraged suicide, degraded critical thinking, and addicted minors. OpenAI didn't

immediately comment on the suit. The company has previously denied wrongdoing and has said the

company continues to strengthen its safeguards. News Corp, owner of the

Wall Street Journal, has a content licensing partnership with Open AI. And Uber plans to launch a

robotaxy program in the German city of Munich. Under the plan, the Wright Hill company will

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