The growing popularity of Chinese artificial intelligence models has emerged as a key risk factor for Anthropic ahead of its blockbuster initial public offering, according to US research firm Hedgeye Risk Management.
“It’s all about Chinese competition when analysing Anthropic,” said Felix Wang, managing director and global tech sector head at Hedgeye. “Many of my clients are asking the same question.”
The assessment comes as Anthropic faces renewed investor jitters over whether its massive AI investments will deliver commensurate returns, with the company’s latest reported financial figures sparking sell-offs of leading AI chipmakers, including Nvidia and Intel, in recent days.
Anthropic told investors at a private briefing last week that third-quarter revenue rose nearly 50 per cent from the previous quarter to US$16.8 billion, according to a person familiar with the matter.