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The Economic Times
The Economic Times
Business

Anthropic files for US IPO amid AI boom, rising costs and safety concerns

Anthropic unveiled its US initial public offering (IPO) filing on Monday, outlining its vision of developing artificial intelligence systems that could reshape the global economy while acknowledging the financial, operational and safety challenges associated with advancing the technology.

The prospectus underscores the company's rapid expansion over the past year, supported by substantial investments from major technology companies. The AI investment boom has propelled technology stocks higher, but it has also raised concerns about stretched valuations, mounting debt and whether the industry can generate sufficient returns to justify its spending.

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