Anthropic Presses On With IPO at Lower Valuation
Anthropic plans to go public before Thanksgiving despite a broader tech stock selloff. The company now expects a valuation between $1.25 trillion and $1.75 trillion, down from an earlier target of $2 trillion.
Why it matters & sources
Why it matters: The lower valuation shows investor caution about AI company values even as major players push forward with public offerings.
Sources: the-decoder.com