Goldman Sachs Group Inc. and Bank of America Corp. are competing to serve as the lead underwriters for the initial public offering of Anthropic, a prominent artificial intelligence company. The competition for the role comes as Anthropic prepares to go public, a move that would mark a significant entry into the public markets for a major player in the AI sector.

Anthropic is reportedly seeking to raise substantial capital through the IPO process. The company is currently in discussions with investment banks regarding the management of the offering. Goldman Sachs and Bank of America are identified as the primary contenders for the lead underwriter role, with the selection process ongoing.

The IPO is expected to be closely watched by investors and technology sectors alike, given Anthropic's prominence in the AI landscape. The outcome of the bank selection process will determine which financial institution will guide the company through the public listing.