OMM Newsroom
Artificial intelligence company “Anthropic” plans to raise up to $64bn (£48bn) by listing its shares on New York’s “Nasdaq” stock exchange, according to BBC World.
The company, which makes the “Claude” chatbot, said it would offer shares at between $70 and $78 each in an initial public offering (IPO) expected to take place this month.
The listing comes amid volatility for AI businesses. Following last week’s US midterm elections, the “Nasdaq” fell sharply amid concerns that a Democrat-led Congress could slow the technology’s development and the construction of infrastructure such as data centres.
There are also broader concerns about whether the billions of dollars being spent on AI will generate returns.
Fiona Cincotta, a senior market analyst at “City Index”, described the amount “Anthropic” aims to raise as “fairly bullish” given the volatility and concerns about AI, particularly those seen last week.
“It’s showing that they are still sort of upbeat about the outlook as far as AI is concerned and that obviously that they think that the demand is going to be there,” she told “Reuters”.
