AI: Anthropic maintains the timing of its IPO and aims for a valuation of up to $1.4 trillion

Anthropic, an AI startup, is preparing for a record-breaking IPO despite market concerns about a financial bubble in AI. The company aims to price its shares between $70 and $78, potentially valuing it between $1.26 trillion and $1.41 trillion. This valuation is lower than earlier estimates of $2 trillion but still significant for a company founded in 2021. The IPO could take place on November 20, with Jefferies leading the investor presentations to raise up to $64 billion.