Anthropic seeks $80-100b IPO at $1.25-1.75t valuation
anthropic plans ipo to raise $80-100b at $1.25-1.75t valuation despite tech selloff. this impacts ai funding landscape.
anthropic is pushing ahead with its initial public offering (ipo) before thanksgiving, targeting to raise $80-100 billion at a valuation of $1.25-1.75 trillion. this valuation is lower than the $2 trillion some investors had hoped for. the company's annualized reported revenue has grown to about $81 billion, up from roughly $65 billion at the end of july. the ipo plans come amid a tech selloff triggered by rising borrowing costs and heavy ai spending plans. openai also recently adjusted its funding-round target downward.