00:00The company behind AI chatbot Claude is moving closer to a Wall Street debut
00:05in what could be one of the biggest stock market listings in history.
00:09Anthropic filed paperwork for a US listing on Monday
00:13with early expectations that the company could be worth upwards of nearly US$2 trillion once it goes public.
00:21The planned IPO comes as investors weigh the rapid growth of artificial intelligence
00:26against the enormous cost of developing the technology.
00:33Anthropic's IPO filing shows revenue reached US$16.3 billion in the first half of this year,
00:40roughly 14 times more than in the same period a year earlier.
00:45But the company also reported a net loss of more than US$80 billion,
00:50largely due to an accounting charge linked to financing agreements.
00:54Anthropic has also committed more than US$600 billion to computing infrastructure,
01:00as it competes with rivals including OpenAI and Google.
01:04Anthropic has been a leader in the enterprise space.
01:08At the same time, the competition is heating up.
01:12You've got Google, OpenAI, a number of Chinese models.
01:19The company can't expect to maintain its leadership position with all of these other startups and legacy players
01:29pouring billions or tens or hundreds of billions of dollars to try to out-compete it.
01:35So it's a space, they've got a target on their back on the enterprise side, and others are coming for
01:40them.
01:40Anthropic's market debut could become a key test of Wall Street's confidence in the AI boom.
01:46Investors are already scrutinizing the vast sums being spent on the technology,
01:52and whether AI companies can generate enough revenue to justify those investments.
01:56Investors are already scrutinizing the key test of Wall Street.
