Business
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
The Decoder · By Matthias Bastian ·
The Brief
- Anthropic is pressing ahead with its IPO despite a tech selloff.
- The reported valuation is $1.25 to $1.75 trillion, below the hoped-for $2 trillion.
- Anthropic aims to raise $80 to $100 billion before Thanksgiving; rival OpenAI has also recently had to cut its valuation.
Why it matters
A lower valuation for a major AI lab suggests tighter market conditions for AI companies, which could affect the funding and pricing of the AI tools developers depend on.
- #anthropic
- #ipo
- #valuation
- #ai
- #funding
Despite the tech selloff, Anthropic is pressing ahead with its IPO at a valuation of $1.25 to $1.75 trillion, well below the hoped-for $2 trillion. The Claude developer aims to raise $80 to $100 billion before Thanksgiving. Rival OpenAI has also recently had to cut its valuation…