Anthropic heads for lower than expected $1.3 trillion valuation in stock market debut
Potential Nasdaq valuation
Anthropic may reach a valuation of about $1.3 trillion (£1 trillion) when its shares are offered for sale on Nasdaq in New York. The expected range is between $1.1 trillion and $1.3 trillion.
The Financial Times reported that the range falls short of the $2 trillion valuation some backers had predicted during summer. Even so, the figures point to a substantial potential market debut.
Questions over AI spending
The possible listing comes as concerns grow over the billions of dollars being invested in artificial intelligence and whether that spending will produce returns. A speaker told Reuters that the outlook for AI still appeared positive, adding that investors expected demand to be present. The article does not identify the speaker.
A young AI company
Anthropic was founded in 2021 and is five years old. It was set up by Dario and Daniela Amodei, a brother and sister, alongside five other people. The seven founders had all worked at OpenAI, the company behind ChatGPT and a rival to Anthropic. Anthropic makes the Claude chatbot.
Key points
- Anthropic could be valued between $1.1 trillion and $1.3 trillion in a Nasdaq listing.
- The upper estimate is below the $2 trillion some backers predicted in summer, according to the Financial Times.
- The potential listing comes amid questions over whether heavy AI spending will pay off.
- Anthropic was co-founded in 2021 by Dario and Daniela Amodei and five former OpenAI colleagues.