Global marketsUpdated November 3

Institutional investors urge Anthropic to lower its IPO valuation target

Semafor, citing The Wall Street Journal, reports that institutional investors have urged Anthropic to lower its target valuation for an IPO. Anthropic expects to spend nearly $900 billion on AI infrastructure in the coming years. The investor push comes as that vast spending expectation sits in the background of the company’s plans.

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Coverage started November 3