Anthropic's IPO could test the AI bubble's strength

Anthropic, the maker of the AI chatbot Claude, filed for its initial public offering on Oct. 26, with some investors estimating its valuation could reach $2 trillion, potentially the largest IPO ever and a major test for the so-called "AI bubble." The filing gives the public its first look at Anthropic's finances, revealing $16.3 billion in first-half revenue and over half a trillion dollars in committed computing costs. Experts are divided on whether the AI market is overvalued, with some warning of a crash similar to 2008 and others seeing sustainable growth. Anthropic's public trading, expected before Thanksgiving, will serve as a litmus test for investor demand and could set the stage for other private AI firms like OpenAI. While some analysts call the company overvalued based on current business, they note its access to customer data gives it an edge in the AI race.