NEW YORK: Anthropic’s blockbuster IPO will value the Claude chatbot creator at up to US$1.4 trillion (RM5.7 trillion), slightly short of some investors’ expectations, setting up a key test of Wall Street’s faith in the AI boom it helped ignite.
The company is kicking off the roadshow for a share sale expected to set a benchmark for the sector, following years of hype that fueled a massive influx of capital into AI companies and sent the US stock market to all-time highs.
Anthropic’s owners are plowing ahead despite a recent selloff across the tech landscape, as investors question whether the AI boom’s returns will justify the massive spending and mounting debt costs in an elevated interest-rate environment.
