A tech crowd was polled on buying Anthropic shares at a $3 trillion valuation. Only 3 hands went up.
An audience at SF Tech Week showed significant skepticism toward a potential $3 trillion valuation for AI company Anthropic during its upcoming IPO. The muted response highlights growing investor caution regarding the sustainability of the current artificial intelligence market hype.
Why it matters
As a bellwether for the AI sector, Anthropic's market reception will determine whether the current AI investment bubble continues or faces a correction.
Anthropic's IPO will be a test of whether the hype train can withstand the scrutiny of the public markets. Business Insider An audience at SF Tech Week was asked if they would buy Anthropic shares at a $3 trillion valuation. Only three hands went up. The room's response reflects the broader uncertainty in this IPO market. In San Francisco, the signs that Tech Week had arrived were hard to miss. Planes towed banners advertising startups above the city. Inflatable company mascots greeted commuters outside transit stations. And hundreds of people lined up outside Anthropic's Claude Founder House for the chance to get inside. But a few blocks away, the mood was more measured. On Wednesday night, a crowd gathered in the Dogpatch for the Tech Insider: Growth Mode event, sponsored by Fidelity.
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