Anthropic plans to move forward with IPO
Despite market turbulence, AI startup Anthropic is pushing ahead with its IPO plans, aiming to start trading as early as next week. Investors will use its valuation to judge the health of the entire artificial intelligence market, as early target figures face downward pressure.
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According to reports, Anthropic is preparing to set its valuation range and could begin trading as soon as next week. This move comes at a challenging time for tech listings following recent market selloffs. Institutional investors are reportedly pushing for a valuation lower than previous ambitious targets, reflecting a more cautious sentiment in the sector. Meanwhile, its main competitor OpenAI recently secured fresh capital at a valuation that also fell short of its initial high expectations, highlighting a cooling trend in investor enthusiasm for massive AI valuations.
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