Anthropic’s record US$2 trillion stock market listing highlights the growing risks for all of us
Photo: The Conversation
Anthropic, developer of AI chatbot Claude, has filed its prospectus and is expected to go public on Wall Street in November at a valuation of up to US$2 trillion. That would make it the highest-valued initial public offering (IPO) ever, ahead of SpaceX’s US$1.77 trillion listing in June. OpenAI, the maker of ChatGPT, is expected to follow next year. While these AI-powered IPOs are massive, they reflect an ever bigger trend: holding AI risk is becoming unavoidable for most investors. How much of your portfolio depends on how well AI does? If you invest in an S&P 500 index fund, the answer is about 44%. In addition, most of the market’s gains right now come from AI.
First reported by The Conversation. This page is a short excerpt; the full text is theirs.
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