T. Rowe Price Investor Says OpenAI and Anthropic Can Both Win as IPO Race Intensifies

T. Rowe Price partner Emma Norchet said OpenAI and Anthropic are both positioned to succeed in the public markets, pushing back on the idea that frontier AI will produce only one dominant standard-bearer. Her view lands as both labs move toward potential initial public offerings, with investors weighing explosive revenue growth against unusually high capital needs and losses.