Anthropic’s blockbuster IPO could trigger market correction, investor warns

Investor Jack Selby warned that a disappointing Anthropic IPO could help trigger a major correction in the artificial intelligence trade. The Claude maker is seeking to raise as much as $100 billion through an IPO, private placement and possible overallotment, amid reports of strong demand. Selby, a longtime skeptic of AI valuations, also questioned whether Anthropic’s technology is sufficiently distinct from Chinese competitors, Bloomberg reported.