Anthropic plans $64 billion stock market listing

Anthropic, the artificial‑intelligence firm behind the Claude chatbot, has announced plans to raise up to $64bn (£48bn) by selling shares on the Nasdaq exchange in New York.

The company intends to price each share between $70 and $78 in an initial public offering slated for later this month. The move comes amid heightened volatility for AI firms, after the Nasdaq fell sharply following last week’s U.S. mid‑term elections amid worries that a Democrat‑led Congress could curb technology development and data‑centre expansion, as well as broader concerns about the huge sums being invested in AI.

Fiona Cincotta, a senior market analyst at City Index, said the target amount is "fairly bullish" within "the volatility [and] concerns towards AI that we've seen in sort of particularly last week". She told Reuters: "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."