Anthropic announced Monday that it has confidentially filed paperwork to go public as it scrambles to beat top rival OpenAI to a Wall Street debut.

The company, led by CEO Dario Amodei, filed its required S-1 form with the US Securities and Exchange Commission just days after it raised $65 billion at a post-money valuation of $965 billion – making it more valuable than OpenAI.

“The number of shares to be offered and the price have not yet been set,” Anthropic said in a press release.

The firm did not comment on the potential timing of its debut, stating only that it will “depend on market conditions and other factors.” Recent reports said it could debut on Wall Street by this fall.

The public offering has major implications for the race to developed advanced AI. It is considered a litmus test for tech giants that have poured tens of billions of dollars into the technology.