Anthropic to raise $64bn in major stock market listing
AI company Anthropic is preparing for a $64 billion IPO on the Nasdaq exchange despite current market volatility. The move comes amid broader investor concerns regarding the profitability of AI infrastructure and potential regulatory headwinds.
Why it matters
This IPO serves as a major bellwether for investor confidence in the AI sector and the long-term viability of large-scale AI business models.
Image source, Getty Images By Dearbail Jordan Business reporter Published 13 minutes ago Anthropic, the AI company behind the Claude chatbot, is planning to raise up to $64bn (£48bn) when it lists its shares for sale on New York's Nasdaq stock exchange.
The loss-making company said it will offer its shares for between $70 and $78 each in its initial public offering (IPO), which is expected to go ahead this month.
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