Source The New York Times · Published · Open the original ↗
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What’s Riding on Anthropic Going Public? Nearly Everything.
Anthropic sits atop a pyramid of business partners and suppliers, making it a barometer of the broader economy. Its initial public offering will have widespread implications.
When Anthropic goes public as soon as next month, its initial offering will be more than just a coming-out party for the artificial intelligence company. It will also be a litmus test for the economy, with trillions of dollars at stake.
Anthropic, which makes the Claude chatbot, is a tent pole of the A.I. industry. Valued in the private markets at nearly $1 trillion and backed by more than $130 billion in funding, it could raise $100 billion in its offering and promptly become one of the world’s biggest public companies. But the stakes are even higher than that.
Anthropic and OpenAI, its chief rival, sit atop a pyramid of business partners and suppliers, infrastructure providers, chipmakers, energy companies and A.I. start-ups, that have all spent heavily over the past four years because they believe demand for A.I. products will keep growing .
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