Anthropic’s IPO filing shows explosive growth, risks and staggering costs
Meta seeks up to $US95 billion in equity to fund AI spending
Australian shares are set to rise, after Wall Street pushed higher on the back of the release of Anthropic’s much-awaited IPO filing, which highlighted massive growth over the past year.
S & P/ASX 200 futures were up 13 points, or 0.2 per cent, to 8840 near 4am (AEDT).
Traders are awaiting earnings from tech giants Alphabet, Microsoft and Amazon later this week, with the Fed tipped to hold interest rates steady on Wednesday (Thursday AEDT).
Chipmakers rallied on Anthropic’s prospective and Meta’s plans for a $US95 billion ($135 billion) stock offering to fund its AI spending. The Philadelphia Semiconductor Index was up by almost 3 per cent in afternoon trading.
Oil prices eased slightly from six-month highs, but persistent attacks on key producer Saudi Arabia are keeping traders wary.
