Institutional investors are reportedly urging Anthropic to consider an IPO valuation of $1.5 trillion to $1.6 trillion.
That is below the nearly $2 trillion valuation discussed in recent months.
The push follows a recent selloff in technology stocks and growing investor concerns. Investors cite market volatility, concerns about overexposure to AI, political opposition to data centers, and uncertainty about when major cloud companies will profit from their significant AI investments.