Live: Anthropic to hit stock market with 'eye-popping' growth and massive losses

Anthropic, the AI company behind the popular Claude chatbot, has filed for an initial public offering on Wall Street. In its filing, the company revealed strong revenue growth but also highlighted widening losses. This news has led to a rally in US tech stocks. However, ASX futures are fluctuating, with some uncertainty surrounding the impact of the float on the market.

While Wall Street has seen a boost, Brazil's stock exchange halted trading after President Luiz Inacio Lula da Silva's reelection, with his opponent refusing to concede. In Europe, stocks rebounded due to corporate optimism, with British technology services provider Computacenter and Danish biotech Genmab leading the gains. The market's volatility is attributed to various factors, including upcoming central bank meetings and potential inflation and growth data releases.

Analysts are closely watching how investors react to Anthropic's earnings report, as AI spending continues to be a hot topic among investors.