Anthropic PBC has lined up banks to lead work on its IPO, according to people familiar with the matter, as the artificial intelligence company races its rival OpenAI to be first to go public.

The boom in artificial intelligence investment is a “fundamental, generational” phenomenon driving markets and filtering through to the economy at large, said Christina Minnis, global head of the alternatives origination group at Goldman Sachs Group Inc.

Christina Minnis, global head of the alternatives origination group at Goldman Sachs, says lines are blurring between different businesses, noting that businesses such as structured products, investment-grade debt and leveraged finance sit on one floor at Goldman Sachs. She speaks at the Bloomberg Global Credit Forum in New York. (Source: Bloomberg)