Anthropic's Nasdaq IPO Path Faces New Headwinds as AI Spending Concerns Grow

According to CNBC, Anthropic's planned Nasdaq IPO faces a tougher market backdrop as investors question the cost and financing of the AI buildout. In its prospectus on Monday, the company disclosed a net loss of $80 billion for the first half of the year, hundreds of billions of dollars in compute commitments and more than 90 pages of risk factors. Investors are still awaiting its third-quarter financials. Microsoft lowered its capital spending forecast for the year to $170 billion from $175 billion, while Alphabet maintained guidance for up to $205 billion and Amazon reiterated its roughly $220 billion forecast. The Nasdaq Composite fell 2.9% on Friday, extending its losing streak to three weeks, its first such streak since March.