As the global AI sell-off intensifies, investors are questioning whether IPO-bound Anthropic can sustain its $1.5 trillion valuation ambition. Prominent US investor Michael Burry has also raised doubts about whether the AI firm’s major partners, including Amazon, Google’s parent company Alphabet and Microsoft, are helping polish its financials ahead of its planned IPO.
Anthropic this month reported revenue of nearly $17 billion for the third quarter, marking an extraordinary jump from $1.4 billion in the year-ago period. The latest figures, disclosed in an amended IPO filing, offer investors a closer look at the AI company’s financial performance as it prepares for a potential blockbuster stock market debut. However, Burry is not convinced.
The market expert, who gained popularity after correctly predicting the 2008 Global Financial crisis, raised more concerns about Anthropic’s IPO numbers. “Not only is the company priced for optimism…it is betting its entire existence on that…
