Anthropic pushes ahead with IPO plans amid AI boom

anthropic plans to proceed with its initial public offering (ipo) despite current market volatility. according to reports, the company will set a valuation range this week and begin trading on thursday or friday of next week. anthropic's target valuation has decreased to below $1.5 trillion, which is significantly lower than the $2 trillion valuation discussed a few months ago. this development comes after openai, anthropic's main competitor, was reportedly valued at $1.25 trillion following an $11 billion capital raise. investors are closely watching anthropic's valuation as an indicator of the strength of the ai boom.