Anthropic’s bankers are mulling whether to raise the AI lab’s IPO price, betting on bumper demand that could transform the fortunes of its founders and rivals alike. The potential increase, reported by the Financial Times, would up the firm’s valuation to $1.5 trillion, with Anthropic aiming to use additional funds to pay for compute spending.

The IPO would leave its seven founders each with $18 billion stakes, and also looks set to benefit Big Tech firms Alphabet and Amazon, both of which invested in Anthropic and could eventually hold 27% of the company, The Information noted. Rival frontier AI lab OpenAI, meanwhile, reportedly told investors its revenue grew around 50% quarter-on-quarter to $10 billion, but operating losses also increased.