Public Investors Missed the AI Growth, Baillie Gifford’s Singlehurst Says
AI Summary
Peter Singlehurst, head of the private companies team at Edinburgh-based investment firm Baillie Gifford, stated in an April 13, 2026 Bloomberg Tech interview that public market investors have already missed out on a significant portion of AI-related growth. Singlehurst made these remarks in the context of several high-profile, high-valuation private companies — including SpaceX, Anthropic, and OpenAI — that are expected to enter public markets in the coming months. His comments suggest that the bulk of value creation for these AI and technology companies occurred during their private funding stages, before any potential IPO or public listing. Singlehurst joined Bloomberg Tech hosts Caroline Hyde and Ed Ludlow to discuss the dynamics between private and public market exposure to AI growth. Baillie Gifford is notably known for its long-term growth investment strategy and has historically held stakes in major technology companies during their private phases.
Why it matters
Singlehurst's remarks highlight a structural challenge for public market investors seeking exposure to AI-driven growth, as companies like OpenAI and Anthropic have accumulated substantial valuations — and presumably returns — during extended private funding rounds before any public listing. The anticipated IPOs of SpaceX, Anthropic, and OpenAI represent some of the most closely watched potential listings in the current market cycle, and commentary from institutional investors like Baillie Gifford underscores the growing debate around private versus public market access to transformative technology opportunities. This dynamic has broader implications for index funds, retail investors, and public equity managers who lack access to private market deal flow, potentially widening the performance gap between private and public investment vehicles in the AI sector.
Scoring rationale
Directly discusses AI company valuations and IPO prospects for major AI firms like Anthropic and OpenAI, with significant market implications for public investors, though it is commentary rather than a hard market-moving event.
This summary was generated by AI from the original article published by Bloomberg Technology. AIMarketWire does not provide trading advice. Always refer to the original source for complete reporting.