AI summary
Anthropic’s reduced IPO valuation to $1.4 trillion signals growing investor skepticism about the sustainability of the current AI market boom.
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Anthropic targets valuation of up to $1.4tn in stock market flotation
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Claude chatbot developer had been reported to be aiming for $2tn IPO on Wall Street before investors cooled on AIAnthropic is seeking a valuation of up to $1.4tn (£1.05tn) in its imminent stock market flotation, short of the $2tn that had been expected before investors started to question the durability of the AI boom.The developer of the Claude chatbot was widely reported to be targeting a $2tn initial public offering on Wall Street but its sights have been set lower, according to a US regulatory filing on Tuesday. Continue reading...
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