Jack Selby, head of venture firm Copper Sky, warned Anthropic’s large,
high-profile IPO may mark the peak of AI investment and that expiry of the
initial lock-up could spark a chain sell-off in the AI sector. He said a
disappointing IPO showing would likely be a key catalyst for a broad AI market
correction and questioned claims of “unlimited” AI demand. Selby added that, if
conditions permit, he would take large long positions in China AI, arguing
Anthropic cannot compel all customers to use U.S.-based models and customers
Migration to non-U.S. models could create arbitrage opportunities.
