Anthropic Pushes IPO with Lower Valuation

This falls short of the previously expected $2 trillion but exceeds current annual revenue of $81 billion. The tech selloff is driven by rising borrowing costs and policy shifts, including post-midterm election promises to slow data center construction. OpenAI has similarly reduced its funding target from $1.4 trillion to $1.25 trillion and raised only about one-third of its original $30 billion goal.

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