Anthropic Pushes Ahead With IPO at Lower Valuation
Anthropic is moving forward with its IPO despite a tech stock selloff. The company accepted 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 investors are growing more cautious about AI company prices, even for a major player.
Sources: the-decoder.com