Emanuel Datt
Anthropic’s Nasdaq listing will test whether the market is prepared to back the artificial intelligence developer’s growth, cost and technology assumptions over the long term, according to Emanuel Datt, chief investment officer, Datt Capital.
“At the IPO valuation, the market needs to believe Anthropic will continue to grow revenue, reduce costs and maintain its technology lead over time. Given the company’s trajectory over the past five years and the broader mainstream adoption of Claude, a great deal is possible over the next five years.
“The participation of several respected technology mega-caps in this funding round is significant validation of the utility of its technology, which provides investors with a degree of comfort.
“However the Nasdaq only listing means it is unlikely to be a natural fit for Australian retail investors, although much depends on individual circumstances. Ultimately, this listing is likely to mark the entry of a new company into the cohort of US technology mega caps,” says Datt.
