[Some Australian investment executives are cautious about Anthropic’s IPO plan] On October 29, Anthropic PBC’s upcoming blockbuster initial public offering (IPO) will bring a new artificial intelligence investment target to the Australian market, but some local investment executives are cautious about it. "It's a fantastic company," John Pearce, chief investment officer of Australian pension fund UniSuper, told a panel discussion at the CFA Australian Investment Conference in Melbourne on Thursday. Whether this "turns into a great investment is another matter." Anthropic's filing with the U.S. Securities and Exchange Commission on Monday showed that as part of the IPO, the company will offer shares directly to Australian investors after filing a prospectus with Australian securities regulators. Pearce said Anthropic's valuation of about $2 trillion might be "a stretch." He also said that the company is still operating at a huge loss and that it will be a "tough goal" to achieve positive cash flow and generate significant profits within three or four years.