Anthropic to Spend $895 Billion in the Years Ahead

Ahead of its blockbuster public market debut, Anthropic revealed it plans to spend more than $895 billion in the years ahead. The Claude chatbot maker also disclosed that its quarterly revenue rose twelve-fold over from the prior year. Matt Witheiler, head of late-stage growth at Wellington Management and an investor in Anthropic, discusses the latest figures and why developing frontier models is a pathway to outsized returns. He speaks with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)