Business
Anthropic IPO meets AI backlash after midterms show stinging rebuke of data centers
Anthropic is poised to become the first pure-play AI company to hit the public market at a time when the public is increasingly leary of the industry.
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Anthropic is poised to become the first pure-play AI company to hit the public market at a time when the public is increasingly leary of the industry.
Anthropic could list below a $1.5 trillion valuation, trailing previous expectations, as the AI trade sours on Wall Street.
Kalshi traders cut the odds of an Anthropic IPO announcement before December as AI stocks sold off after Democrats won control of Congress.
Anthropic unveiled its S-1 prospectus last week, but the initial filing only included the company's financials through the first half of the year.