Technology · 40 minutes ago
Anthropic plans October IPO, testing its near $2 trillion valuation
AI company Anthropic plans to market its IPO from mid-October, with a view to listing ahead of the US midterm elections in November. Anthropic's public offering will test if investors accept a valuation close to $2 trillion, significantly higher than its last private valuation of $965 billion. Anthropic's annualized revenue reportedly exceeded $65 billion by late July, but investors will scrutinise costs and margins.
Reported by cryptopolitan.com · How we write briefs