INVESTORS REPORTEDLY TEMPER ANTHROPIC IPO VALUATION EXPECTATIONS OVER REVENUE GROWTH SLOWDOWN

What happened: Some current and prospective Anthropic investors are weighing a lower valuation for its coming IPO after the company's latest financial disclosures, four people familiar said. Key numbers: Investors at Anthropic's Wednesday investor day discussed about US$1.5-trillion, down from roughly US$2-trillion previously expected for the November share sale. Why it matters: Some investors were disappointed by the slowing sequential growth rate. A cooler reception could weigh on the wider AI market, whose near-term prospects investors see as hinging largely on the share sale's success. Coverage: 4 outlets in 24h

Some current and prospective Anthropic investors are weighing a lower valuation for its coming IPO after the company's latest financial disclosures, four people familiar said.

Some investors were disappointed by the slowing sequential growth rate. A cooler reception could weigh on the wider AI market, whose near-term prospects investors see as hinging largely on the share sale's success.