Anthropic PBC's upcoming major initial public offering will bring a new AI investment target to the Australian market, but some local investment executives are wary of this. “This is an amazing company,” John Pearce, chief investment officer of Australian pension fund Unisuper, said during a panel discussion at the CFA Australian Investment Conference in Melbourne on Thursday. As to whether this “can be turned into a great investment, that's another story.” Anthropic's filing with the US Securities and Exchange Commission on Monday shows that as part of the IPO, the company will sell shares directly to Australian investors after submitting a prospectus to the Australian securities regulator. Pearce said that Anthropic's valuation of about $2 trillion may be “somewhat reluctant.” He also said that the company is currently still in a state of huge losses, and it will be a “difficult goal” to achieve positive cash flow and generate considerable profits within three to four years.

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