Anthropic targets $64bn IPO on Nasdaq amid AI volatility
· Technology · BBC News, Economic Times
Anthropic plans to raise up to $64bn (£48bn) in its New York Nasdaq IPO, offering shares at $70 to $78 each this month. The loss-making AI company is listing during volatile market conditions following US midterm election concerns about potential AI regulation and data centre buildout slowdown. Global stocks have plunged as fears over a US AI slowdown spread to Asia and Europe. The IPO aims to capitalize on persistent demand for AI despite industry-wide financial scepticism.
Why it matters
The $64bn IPO could signal strong investor confidence in AI profitability, impacting Indian tech startups and market sentiment as AI investment grows.
Read the original report — BBC News
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.