Anthropic could lower its valuation for its IPO
The volatility of technology markets and the caution of investors call into question the valuation and timing of Anthropic's IPO.
The creator of the Claude assistant is targeting the week of November 16 for an IPO. According to the American press, it was expected to raise up to $100 billion, an amount that would make it the largest in history. On Thursday, the Wall Street Journal reported that this American flagship of artificial intelligence (AI) may have to settle for a valuation of less than $1.5 trillion when it goes public, as the brutal fall in technology stocks has cooled off key investors.
Three major investors who intend to participate in the operation indicated to the daily that the valuation should probably be lowered, one of them estimating it closer to 1,000 billion dollars. In October, several investors had already lowered their expectations from around $2 trillion to around $1.5 trillion, after Anthropic's revenue growth slowed.
According to one of the investors mentioned by the Wall Street Journal, Anthropic could even postpone its IPO. According to the daily, the company could also reduce the size of the operation. This IPO comes in a context of growing investor concern over the colossal sums invested in AI. On Thursday, the Nasdaq, an index with a strong technological coloring, fell by more than 5.5%, its sharpest decline since April 2025. Investors feared a slowdown in the construction of data centers after the Democrats' large victory in the mid-term elections. Contacted by AFP, the company did not immediately respond.
Due to its scale and the close commercial relations that Anthropic maintains with Google, Amazon and Nvidia, this project has significant repercussions on the markets and the economy. On October 26, the company published its IPO file in the United States. It is thus getting closer to what could constitute the first IPO of a cutting-edge AI laboratory. OpenAI, its competitor at the origin of ChatGPT, has postponed its IPO project until 2027.
An internal model estimates that US GDP could rise to $44 trillion by 2030, under certain conditions. For Mr. Clark, co-founder of Anthropic, the room for maneuver to establish safeguards on AI diminishes in this context.
Machine-translated from French
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