Anthropic IPO might kick off tech reset if the AI stock underperforms

Anthropic has filed for an IPO that could be the largest in history, with investors weighing a potential trillion-dollar valuation even as the company reported over $80 billion in losses in the first half of the year against a 14-fold revenue increase. Close to half its revenue comes from Claude sold through Microsoft, Amazon and Alphabet cloud divisions, and some $77 billion in notes can be issued to Amazon, Broadcom and Google while Microsoft and Nvidia agreed to invest $15 billion. Investors and analysts say a weak debut could push out OpenAI's offering and force a reset across private and public AI valuations.