Anthropic reportedly plans to move forward with IPO plans
Summary
Anthropic is reportedly moving forward with its IPO plans despite recent tech market volatility and controversy surrounding a CEO. According to The Wall Street Journal, the company plans to set a valuation range this week and begin trading on Thursday or Friday of next week. Investors are watching Anthropic's valuation as a gauge of the AI boom, with some institutional investors pushing for a valuation below the $1.5 trillion target discussed last week—already lower than the $2 trillion floated months earlier. Rival OpenAI was reportedly valued at $1.25 trillion last week after raising $11 billion, short of its $20 billion target. The article is brief and contains no further details.
(Source:TechCrunch)