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Anthropic, the US company behind the Claude chatbot, is pursuing one of the largest IPOsever, targeting a valuation of up to $1.3 trillion and aiming to raise more than $60 billion.
The listing comes as investors debate whether the AIboom can justify its enormous costs. While Anthropic's revenue has surged to $17 billion per quarter, the company has yet to turn a profit.
In this interview, veteran trader and market strategist Dennis Dick discusses growing concerns over AI valuations, fierce competition with OpenAI, and whether massive spending on computing infrastructure can deliver sustainable returns.
