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Investors temper Anthropic IPO valuation expectations over revenue growth slowdown

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Investors temper Anthropic IPO valuation expectations over revenue growth slowdown

Business News Tech AI Investors temper Anthropic IPO valuation expectations over revenue growth slowdown

Some investors who attended Anthropic's investor day on Wednesday in San Francisco discussed a valuation of around $1.5 trillion, three of the people said, a significant step down from the roughly $2 trillion valuation that investors had previously expected for the November share sale.

Some current Anthropic investors and prospective investors in its upcoming initial public offering are weighing a lower valuation for the AI company after its latest financial disclosures , four people familiar with the matter said, amid broader concerns over the ballooning cost of financing AI. Some investors who attended Anthropic's investor day on Wednesday in San Francisco discussed a valuation of around $1.5 trillion, three of the people said, a significant step down from the roughly $2 trillion valuation that investors had previously expected for the November share sale. At Wednesday's meeting, Anthropic told prospective IPO investors that its third-quarter revenue jumped 45% to $16.8 billion from the previous quarter, and that it was profitable on an adjusted basis during the quarter.

6 billion in the second quarter, the people added. They spoke on condition of anonymity because they are not authorized to speak publicly on the matter. Anthropic did not immediately respond to requests for comment. A cooler reception for Anthropic's IPO could weigh on the wider AI market, whose near-term prospects investors see as hinging largely on the share sale's success, followed by OpenAI's potential listing next year. BELLWETHER IPO The concerns from investors come as a tech selloff is roiling global financial markets and has hurt AI infrastructure companies, chipmakers and so-called neocloud providers that rent computing power for AI broadly.


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