The AI start-up is continuing with plans to list before the US Thanksgiving holiday this month, according to multiple investors in the group

someone seems a bit rushed

“It’s just one milestone along the way,” said one early Anthropic backer. “They should treat it like every other fundraise: a means to an end.”

I certainly hope they mean for it to end

Anthropic released its financial data for the third quarter earlier this week, revealing revenue growth that had slowed but still jumped almost 50 per cent to around $17bn.

I like how this doesn't point out that the same data showed their compute costs have doubled

They don't have a choice, their alternative funding sources have dried up. It's IPO or die, and I'm thinking it will be both.

It'll hasten the bubble burst, so I'm all for it.

Anthropic’s backers are hopeful that its IPO will be propelled by so-called forced buyers, including index funds and large asset managers, which do not currently own any of the stock but will in effect be obliged to do so shortly after the company is public.

Oof

Sharing a gem from r/BetterOffline

"The next Google is dancing naked in front of you. If you can’t see the value of it, you don’t deserve to make money." For the first and hopefully last time: Dario Amodei, please put your willy away

ROFL Wow, the desperation is so...Amusing to me because this absolute stock market shock and their insistence on doing an IPO, there is no way they are even worth 1.25tn because they can't even turn a sustainable profit. It's so cute that these weird ass shills are trying this still despite all the signs pointing to failure. I hope it hurts and burns them, I hope all LLM companies get absolutely blasted into irrelevance from which they cannot recover.

Time to socialize the potential losses when the bubble bursts.