Lori Keith Sees Long AI Growth as Anthropic files IPO

Discussing Anthropic’s IPO filing, portfolio manager Lori Keith described AI’s shift from pilot projects toward companies capturing measurable economic value. She said Anthropic’s customer growth signals strong demand: nearly 12,000 customers spend at least $100,000 annually, up from about 950 a year earlier, and more than 1,900 spend at least $1 million. Keith said adoption remains early, with engineering and coding among the leading uses and customer service and other applications broadening. She sees opportunities not only for AI infrastructure and chip providers, but also for downstream businesses and companies supplying power and water infrastructure. The discussion also noted a filing disclosure that one customer accounted for more than 10% of Anthropic’s revenue as of June 30. (Source: Bloomberg)