Investors are expected to use Anthropic’s valuation as a gauge of the artificial-intelligence boom’s strength. Some institutional investors are now pushing for a figure below the $1.5 trillion target discussed as recently as last week, according to the Journal. That target was already down from the $2 trillion valuation floated a few months ago.
Anthropic reportedly advances IPO plans despite market turbulence
Anthropic plans to set a valuation range this week and begin trading next Thursday or Friday, The Wall Street Journal reported, pressing ahead with a potential listing after a major Nasdaq sell-off and amid scrutiny of a CEO at the center of the AI boom.
The timing comes as Anthropic’s main rival, OpenAI, was reportedly valued at $1.25 trillion last week after raising $11 billion in fresh capital. The ChatGPT maker had initially sought $20 billion, the report said.
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