Anthropic heads for lower than expected $1.3T valuation
What happened
Anthropic, the AI company behind the Claude chatbot, plans to list on Nasdaq with a share price of $70‑$78, aiming to raise up to $64 billion and valuing the firm at about $1.1‑$1.3 trillion, which is lower than the $2 trillion some backers expected. The company’s revenues jumped to $16.2 billion for the six months to June, despite being loss‑making and warning of catastrophic AI risks.
Why it matters
The lower-than‑expected valuation highlights investor caution amid volatility in tech markets and concerns about AI’s risks, while the large fund raise signals confidence that demand for AI will continue.
Is this a big deal?
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