Anthropic is preparing investors for what could become one of the biggest technology listings ever seen. The artificial intelligence company, valued at about $965 billion, is reportedly targeting a stock market debut in September or early October. If it proceeds at that level, the listing could rival or even surpass the record set by SpaceX.
But before making its public-market debut, Anthropic is facing a crucial test. Can it convince investors that the enormous sums being spent on artificial intelligence will eventually produce sustainable returns?