AI Frenzy Draws Hordes to Private Markets in Industry Gold Rush

  • Pre-IPO shares of AI and machine-learning startups in vogue

  • Investors are bidding up OpenAI and Anthropic, Rainmaker says

The buzz around artificial intelligence has investors snapping up shares of startups on alternative venues, looking to find the next wave of technology giants before they even go public.

AI and machine learning have remained the most in-demand sectors every month this year, accounting for 25% to 30% of investor interest, according to EquityZen Securities Inc., a marketplace for privately held shares. On Rainmaker Securities, a platform that facilitates secondary stock transactions for private businesses, investors are paying up for shares of companies like OpenAI and Anthropic, startups that are seen as leading the pack in AI…Read Full Article

Ken Anderson