Anthropic’s IPO prospectus sharpens focus on AI valuations

Anthropic is betting that AI will reshape the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.

The AI lab, which could be valued at more than $2 trillion in its IPO, plans to spend $518 billion on cloud computing and infrastructure obligations in the coming years, according to the prospectus.

European tech shares jumped 2.4%, while U.S. chip index climbed 1.5%.