AI Summary
Anthropic is proceeding with its initial public offering (IPO) plans, aiming to set a valuation range this week. This move comes amid a volatile market and changing investor expectations regarding the valuation of AI companies.
- Anthropic is moving forward with its IPO plans despite recent market selloffs and controversies in the tech sector.
- The company plans to establish a valuation range this week and may begin trading next Thursday or Friday.
- Investor sentiment is shifting, with some institutional investors advocating for a valuation below the previously discussed $1.5 trillion target.
- OpenAI, Anthropic's main competitor, was valued at $1.25 trillion after raising $11 billion, which was less than its initial $20 billion target.
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