Claude chatbot developer had been reported to be aiming for $2tn IPO on Wall Street before investors cooled on AI Anthropic is seeking a valuation of up to $1.4tn (£1.05tn) in its imminent stock market flotation , short of the $2tn that had been expected before investors started to question the durability of the AI boom. The developer of the Claude chatbot was widely reported to be targeting a $2tn initial public offering on Wall Street but its sights have been set lower, according to a US regulatory filing on Tuesday. Continue reading...
Anthropic targets valuation of up to $1.4tn in stock market flotation

Original reporting
The Guardian: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
10-year Treasury yield races back to 5% as inflation data, Waller comments drive rate hike expectations
Treasury yields moved higher after a hotter-than-expected CPI report.
Amazon's Ring unveils flying drone and robot to patrol homes and businesses
Amazon's $250 Ring Drone Cam flies from room to room to investigate suspicious activity, and can capture footage at night.
China panel chair Moolenaar demands answers on Nvidia CEO's alleged affair with a Chinese spy
Rep. John Moolenaar, R-Mich., is the chairman of the Select Committee on China and told CNBC he expects answers about Jensen Huang's relationship.
Alphabet shares appear to have bottomed. How to play it for a quick rebound
After a brutal sell-off, Alphabet appears to be showing signs of a floor. Here's how to trade it with options
Credit card debt climbs to a record $1.29 trillion, New York Fed research finds
As high prices continue to strain household budgets, many consumers have turned to credit cards to help make ends meet.
Pete Hegseth decries impeachment push, defends Iran war handling
GOP Rep. Thomas Massie, who has clashed with President Donald Trump, kicked off the Hegseth impeachment fight days after a blue wave midterm election.