T. rowe price sees potential for both Anthropic and OpenAI in AI race

Emma Norchet, a partner at T. Rowe Price, has expressed confidence that both Anthropic and OpenAI can succeed in the AI race. Norchet highlighted that Anthropic is transitioning from its initial phase of success in coding to becoming an AI layer that enables businesses to execute full workflows. T. Rowe Price holds significant investments in both Anthropic and OpenAI, and Norchet explained that the firm does not view the frontier AI market as a winner-take-all scenario. She also discussed the potential for Anthropic to capitalize on new opportunities and the likelihood of public-market investors showing interest in leading AI companies when they decide to go public. Norchet shared these insights during an interview with Ed Ludlow on Bloomberg Tech. (Source: Bloomberg)