NEW YORK — Artificial intelligence developer Anthropic is aiming for a valuation of up to $1.4tn (£1.05tn) in its upcoming Wall Street initial public offering, according to a US regulatory filing published Tuesday.
The creator of the Claude chatbot had previously been reported to eye a $2tn valuation for its stock market debut. However, the revised target reflects a more modest outlook following a cooling of investor enthusiasm regarding the long-term durability of the current artificial intelligence boom.
The flotation details mark a significant milestone for the AI sector as major developers test public market appetites amid shifting financial expectations.
