Record of the century on Wall Street. Creator Claude enters the stock market

Anthropic plans to debut on the Nasdaq under the symbol "ANT" in mid-November, aiming for a valuation of up to $2 trillion. Despite a significant increase in revenue, the company reports massive losses, primarily due to non-cash expenses related to convertible bonds. The anticipated IPO is causing other companies to delay their own offerings, as they fear competition for institutional capital. The market is cautious about the sustainability of the AI boom amid high interest rates and recent failures of other tech IPOs. Anthropic's valuation could position it among the world's most valuable companies, alongside giants like Nvidia and Apple.