Anthropic's IPO Sets Up Defining Moment for Wall Street, AI Boom

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Business and finance news from the Asia-Pacific. Anthropic PBC's initial public offering is laying bare the stark extremes of the multi-trillion-dollar AI boom business model: astonishing growth paired with uncertainty about demand and the spending required to continue developing the technology. The startup, which publicly filed IPO paperwork on Monday, is poised to be the first major US firm focused solely on building AI software to make its market debut. A rally in Wall Street tech stocks…