Anthropic updates IPO valuation to $1.4 trillion

AI lab Anthropic disclosed an updated prospectus for its upcoming initial public offering, aiming to raise up to $64.4 billion. At the top of its proposed price range, the company could be valued at $1.4 trillion on a fully diluted basis, or $1 trillion on a non-diluted basis. Additionally, the company will raise $26 billion through a private placement with cornerstone investors including Alphabet's Google, Nvidia, and Advanced Micro Devices. Open article →