Anthropic, the developer of the Claude artificial intelligence model, is preparing its initial public offering, a major event for financial markets. The company has become a major customer of half of the Magnificent Seven, creating significant exposure to Alphabet, Amazon and Microsoft spending tens of billions of dollars each on cloud capacity over the next several years. Anthropic also relies heavily on Nvidia chips, which it obtains through agreements with companies including SpaceX and Nscale.
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