Anthropic Eyes $64 Billion IPO

Anthropic, the AI company behind Claude, is preparing for a monumental initial public offering, with plans to raise up to $64 billion. This potential debut stands as one of Wall Street's most significant listings. The company has revealed a robust financial performance, announcing that its annualised revenue run rate reached $81 billion as of October.

This figure represents a substantial $10 billion increase from the previous month. The AI firm and its investors intend to sell 825 million shares within a price range of $70 to $78. The timing of this large offering coincides with a period of uncertainty for the AI sector, as market participants assess the impact of recent elections on the pace of infrastructure development.