Exclusive-AI backlash could threaten Anthropic IPO timing, potential investors say
Anthropic, an artificial intelligence company, might need to lower its IPO ambitions after a recent tech sell-off unsettled key investors, according to a report by the Wall Street Journal. The company had aimed to launch its stock market debut with a valuation of up to $1.5 trillion and raise as much as $100 billion, making it the largest IPO on record.
However, three major investors involved in the offering indicated that the valuation may need to be reduced, possibly coming down to a figure closer to $1 trillion. One investor even suggested that Anthropic could postpone the listing. The potential scaling back of the offering or a postponement of the listing could have significant implications for the markets and the economy, given Anthropic's close ties to tech giants like Google, Amazon, and Nvidia.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
