Anthropic IPO valuation may halve to $1–1.25B from $2B

Following a sharp tech selloff on Nasdaq, Anthropic investors — backers of the Claude AI models — have lowered expectations for the planned IPO valuation. October talk centered on $2B, but some shareholders now point to a $1–1.25B range, a potential 50% drop. The Anthropic debut was set to be the year's largest IPO.